Like any other clothing retailer, H&M has core values that guide its operations. Specifically, H&M lists its top three values as entrepreneurship, teamwork, and constant improvement. These values are evident in how it handles the work environment, its customers, business partners, and stakeholders. In terms of entrepreneurship, H&M is discovering innovative ways to provide sustainable clothes that will transform H&M into a greener company, such as ways to recycle clothes. Teamwork is reflected in the work environment through its open door policy. Finally, constant improvement is fundamental to the company because it is committed to always delivering quality fashion at the best price. From these three values, H&M can incorporate them into
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In the case of Rana Plaza collapse, police officials put the death toll at 134, with more than 1,000 injured. H&M, and other clothing retailers, share a responsibility for allowing conditions amount to this. Of course not all brands’ merchandise were produced in the Rana Plaza, but multinational brands as a whole lose focus of factory safety in the search for the cheapest source of labor. The big Western brands place a price pressure on factories that undermines any possibility that factories will make the costly repairs to make these buildings safe. Moreover, the governments in underdeveloped countries are reluctant to take any actions that would increase costs or alienate foreign companies. In terms of Rana Plaza, the building collapsed because of an existing crack in the building left unfixed. But due to low prices paid by Western brands, factory owners could not invest in upgrading facilities. Therefore, H&M and other clothing retailers all play a role in how instances like the Rana Plaza collapse occur because of an unwillingness to raise …show more content…
Four stakeholders that contribute to the creation of a professionally responsible supply chain include multinational brands, countries’ governments, local manufacturers, and international organizations. Multinational brands can contribute by choosing to work with factories that will pay for independent inspections and blacklist those that do not. Governments can improve factory conditions and protect workers by imposing safety regulations on factories and maintaining a minimum wage. Furthermore, local manufacturers have a responsibility to treat its factory workers properly and ensure the soundness of their buildings if the government does not implement any regulations. Finally, international organizations, like the Clean Clothes Campaign and the International Labor Organization, place pressure on companies, manufacturers, and the government to the create a professionally responsible supply chain. Therefore, these four stakeholders have a responsibility to prevent future incidents like the Rana Plaza collapse by putting safety guards in
In the case of Rana Plaza collapse, police officials put the death toll at 134, with more than 1,000 injured. H&M, and other clothing retailers, share a responsibility for allowing conditions amount to this. Of course not all brands’ merchandise were produced in the Rana Plaza, but multinational brands as a whole lose focus of factory safety in the search for the cheapest source of labor. The big Western brands place a price pressure on factories that undermines any possibility that factories will make the costly repairs to make these buildings safe. Moreover, the governments in underdeveloped countries are reluctant to take any actions that would increase costs or alienate foreign companies. In terms of Rana Plaza, the building collapsed because of an existing crack in the building left unfixed. But due to low prices paid by Western brands, factory owners could not invest in upgrading facilities. Therefore, H&M and other clothing retailers all play a role in how instances like the Rana Plaza collapse occur because of an unwillingness to raise …show more content…
Four stakeholders that contribute to the creation of a professionally responsible supply chain include multinational brands, countries’ governments, local manufacturers, and international organizations. Multinational brands can contribute by choosing to work with factories that will pay for independent inspections and blacklist those that do not. Governments can improve factory conditions and protect workers by imposing safety regulations on factories and maintaining a minimum wage. Furthermore, local manufacturers have a responsibility to treat its factory workers properly and ensure the soundness of their buildings if the government does not implement any regulations. Finally, international organizations, like the Clean Clothes Campaign and the International Labor Organization, place pressure on companies, manufacturers, and the government to the create a professionally responsible supply chain. Therefore, these four stakeholders have a responsibility to prevent future incidents like the Rana Plaza collapse by putting safety guards in