Insight

Why Supply Chain Safety Matters: 2.3 Million Deaths Worldwide Annually

Supply chains are crucial networks of contractual arrangements that provide goods and services to an organization for internal use or onward sale to customers. To ensure the quality of these products, the supply chain is typically managed with contract conditions and oversight. However, workplace safety is a critical issue that must be considered throughout the supply chain.

According to the International Labour Organisation, more than 2.3 million people die every year as a result of occupational accidents or work-related diseases. In addition, 317 million accidents occur on the job annually, resulting in significant human and business costs. Inadequate workplace safety drains approximately 4% of global GDP each year, leading to costly issues such as early retirements, loss of skilled staff, absenteeism, and high insurance premiums.

Three key factors govern workplace safety across the supply chain: economic and resource pressures, the size of the working environment, and the lack of a coordinated approach to workplace safety and communication. To improve workplace safety, exporters can use resources such as Corporate Social Responsibility (CSR) strategies, the International Labour Organisation (ILO) guidelines, and government regulations and industry regulatory bodies.

CSR strategies can be used to advocate for better workplace safety practices and impose financial penalties on those who do not comply with agreed standards. The ILO has developed standard workplace and labour safety guidelines, research documents, and resources to help companies create safer workplaces for staff across their enterprise and supply chain. Governments and regulatory bodies can help regulate supply chains through work health and safety legislation, principal contractor duties, and other legislation that protect vulnerable workers.

To ensure compliance with workplace safety guidelines, consistent, scalable, end-to-end auditing is necessary. Compliance Checkpoint is a flexible and scalable software platform that automates audit, risk, and compliance tasks using integrated cloud technology and tablet functionality. Adopting this solution can better manage compliance requirements across an organization and the entire supply chain, leading to real business benefits.

Latest Posts

Event

July 20, 2023

Nationwide + CompScience Webinar

How Technology is Expanding Commercial Insurance Offerings: Now & Future   With Dale Hoppe, Vice President, WC Programs, Nationwide and Jacob Geyer, Chief Insurance Officer, CompScience moderated by Kevin McClain, Senior Consultant, E&S Product, Nationwide   Get insights on the workers comp market landscape and how Nationwide’s insuretech program offerings are expanding. CompScience will be showcased, focusing […]

Read more
Insight

July 11, 2023

How Do Poor Ergonomics Affect Workers In Industrial Settings?

Poor ergonomics refers to the design or arrangement of a workspace or equipment that causes discomfort or strain on the body, leading to physical stress and potential injury. There are solutions to ergonomic issues such as changes to workflows that improve worker ergonomics.   Detecting ergonomic issues in industrial settings is the key to mitigating […]

Read more
Event

June 20, 2023

Workplace Safety AI: The Webinar for Workers’ Comp Agents

Learn why AI is rapidly transforming workplace safety into a differentiator and how you can use safety analytics from CompScience to help clients lower injury rates and lower costs. Mike Seling and Jacob Geyer explain how AI is rapidly transforming workplace safety into a differentiator for agents and how you can use safety analytics help […]

Read more
Event

May 16, 2023

Safety And Ergonomics Webinar: How To Prevent Injuries with AI and Data Science

Learn about transformational safety analytics from CompScience that utilizes workplace video to generate predictive models from that safety managers and ergonomists can use to report and improve injury rates in manufacturing, logistics, construction and more. This 45 min webinar was presented by Kris Mizel, CSP, Head of Loss Control and Lauren Wandell, Head of Ergonomics […]

Read more
Resources

May 5, 2023

What is workers’ compensation insurance?

Workers’ compensation insurance is a type of insurance that provides benefits to employees who are injured or become ill as a result of their work. The purpose of workers’ compensation insurance is to ensure that employees have access to medical care and financial support in the event of a workplace injury or illness, and to […]

Read more
Insight

May 5, 2023

How To Focus A CFO On Improving Workplace Safety?

  Here are a few strategies that may be helpful in convincing a CFO to prioritize workplace safety. It may not be clear at first why improving safety with analytics is important, but reducing accidents and improving an X-mod has high impact on costs. Talk with CompScience about how we can help reduce injuries with […]

Read more