INTRODUCTION
COMPANY OVERVIEW AND SUPPLY CHAINS
Company Overview
BabyCare Innovations designs, manufactures, distributes, and retails products focused on the well-being of mothers and infants. Headquartered in Miami, Florida, and incorporated in Delaware, we currently employ approximately 135 individuals. In Canada, we maintain interests in intellectual property, including trademarks and patents, and our products are distributed through a third-party distributor.
Supply Chains
Our products are produced by a network of third-party suppliers across the globe, including North America (approximately 36% from the United States and Mexico), Asia (approximately 52% from China, Vietnam, and Thailand), and Europe (approximately 11% from Sweden, Germany, and the United Kingdom). Our suppliers also encompass those involved in non-manufacturing services essential for our daily operations.
IDENTIFYING POTENTIAL RISKS
We employ a centralized enterprise risk management strategy to identify, evaluate, and monitor potential risks. Our assessment indicates a lower risk of forced and child labour within our direct operations compared to that of our third-party suppliers, particularly those beyond Tier 1. Factors such as geographic location and industry type influence our risk assessment. Recognizing the complexity of the supply chain for manufactured goods, we have adopted a comprehensive approach to risk mitigation.
POLICIES AND DUE DILIGENCE
To tackle the risks of forced and child labour in our supply chains and operations, we have established a series of policies and due diligence processes, which include:
- Employee Handbook: This document outlines our expectations of all employees. Each individual must acknowledge and comply with its terms. The handbook emphasizes a shared commitment to maintaining high ethical standards and encourages employees to report any concerns regarding unethical behaviour. Employees can communicate their concerns directly to management or anonymously through our confidential reporting platform, available around the clock.
- Supplier Code of Conduct: Our guidelines for suppliers mandate adherence to ethical labour practices. This includes ongoing assessments and audits to ensure compliance with our standards.
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SUMMARY
To Summarize: BabyCare Innovations is dedicated to preventing forced and child labour within our supply chains through comprehensive risk management strategies and robust policies. By collaborating with ethical suppliers and fostering a culture of transparency and accountability, we strive to uphold the highest standards of integrity in all our operations. As we continue to grow, we remain committed to ensuring that our practices reflect our values and the well-being of all individuals involved in our supply chains.