Specialty Fabrics Review March 2022 - 44

[ MARKETS ] ADVANCED TEXTILES
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evaluate all aspects of their supply
chains to identify any suppliers that
may source inputs or labor from
China and then to closely examine
those suppliers to ensure they are
in compliance with the new law's
restrictions. In considering next steps,
companies should at a minimum:
* Engage with CBP and other
relevant U.S. government agencies
as they develop the rules that will
implement the new law.
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* Begin a supply chain review now
to identify potential risk areas and
products that may be targeted for
WROs and to collect relevant records
that can be used to demonstrate
the absence of forced labor inputs
from any imported products.
* Ensure that supply chain
scrutiny becomes a regular
part of internal audit checklists
and compliance policies.
* For public companies, make sure
that information relevant to sourcing
convincing evidence " standard set by
the new law and the practical difficulties
of essentially " proving a negative, " the
new law may force some companies to
look outside of China for suppliers or
even to abandon China as a significant
market for their products. To ensure
that any such decisions are made
carefully and after due consideration,
however, it is important to add
understanding and complying with
the UFLPA to your 2022 " to do " list.
Nate Bolin is a partner with DLA Piper LLP (U.S.).
His areas of expertise include trade remedies, export
controls, economic sanctions, CFIUS and related areas
of national security and international trade laws.
of labor and inputs is appropriately
reported as part of regular Exchange
Act filings.
* Carefully consider the impact of
any responses to the new law on
investments and customers in
China and take appropriate strategic
decisions to mitigate these risks.
Given the very high " clear and
marketplace
For more information on classified advertising in IFAI's Specialty Fabrics Review contact Michelle Cook: 651 225 6957 | MLCook@ifai.com
HELP WANTED
COMMISSION SALES REPS WANTED
Neoprene Sheets, Hook & Loop,
Webbing, Elastic, Zippers, Buckles,
TPU Medical Fabrics & Hot Melt Adhesive
Many territories available. Established
in 1985, large inventory for fast delivery.
Please visit www.perfectex.com.
Please send resume to:
E-Mail: info@perfectex.com
Fax: 714-893-9339
Or call 1-800-326-1288 ext. 116 Konrad
FIND A JOB? POST A JOB?
Visit ifai.com/jobs to find employees and job
postings for the textile industry!
IFAI Career Center
FOR SALE
FOR SALE: BRAND NEW LARGE
GEO WINDER
7 foot wide x 8 ft. diameter; 3,500 pound weight
of roll; Linear actuated rewinder; Web center
control rollers; Adjustable Tension control with
Nitride rollers; Tidland air shaft and safety
chucks; SEW 10 HP motor
Asking $125,000. Contact Bobbi (507) 452-1700.
Free install with purchase of this winder.
44 SPECIALTY FABRICS REVIEW / March 2022

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Specialty Fabrics Review March 2022

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