Author: Nazli Erdogus
As we count down the days until the GDPR enters into force on May 25, it’s important to recognize how your supply chain is affected and how it can become GDPR compliant.
What is GDPR and how will it impact my supply chain?
I’d like to take this opportunity to point out a few critical issues that will have a direct impact on your business and supply chain.
You may be wondering, “If I’m in North America, am I’m bound by these new rules?” Well, the EU data protection regulation makes it very clear that its new rules do apply, no matter where you reside or where your business is based.
As this broad territorial scope suggests, all companies processing personal data for those residing within the EU must comply—regardless of company location. Previously, this was subject to interpretation—but the rules are much clearer now.
Penalties for breaching GDPR are unforgiving
Organizations not in compliance with GDPR can be fined up to four percent of annual global turnover or €20 Million, whichever is greater. This would be the maximum fine for the most serious infringements, such as not having sufficient customer consent to process the data or a direct violation of the core of the GDPR’s Privacy by Design concepts.
Impact of GDPR on supply chains
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