The Dark Shadow Shrine

embrace the darkness; that you may see the light nestled within it......

Wednesday, March 31, 2021

Top Glove shares sink after US seizure order over forced labour

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Compare with the ongoing boycott on cotton from Xinjiang, China due to alleged reports of human rights abuse of the Uighurs. Note how China appears unaffected by it (due to its huge domestic market and economic prowess that it can use as a leverage to force foreign firms to think twice about the boycott, or making it 'painful' for them to do so for a sustained period of time) and how Malaysia is affected more when its palm oil and glove products are boycotted in the West -- potential rebuttal on the effectiveness of boycott in pressuring firms to adhere to ethical business practices

Link to concepts of CSR (Corporate Social Responsibility), Fair Trade, and ethical businesses....

Factories belonging to Top Glove were found to be a major source of Covid-19 infections in Malaysia last year. 

imposed the penalties against the Malaysian firm after having found "sufficient information to believe that Top Glove uses forced labour in the production of disposable gloves

a blow to Top Glove and comes as Malaysia's main industries - palm oil and gloves - grapple with intense scrutiny over poor labour practices.