Corruption and unjust treatment of US stakeholders have resulted in social problems such as poverty, insecurity, high levels of violence, and economic inequality. As a result, investors optimize their revenue with limited resources. Policies are put in place employing new technology to alleviate these challenges. To remove corruption in the supply chain and procurement, for example, criteria such as the BRIBE line website, which corrects material on websites and takes legal action against corrupt individuals, are employed. By encouraging immoral firms to be more open, improving technology ensures sustainability. Furthermore, the use of MNC in Guatemala has benefited sustainability by allowing for the creation of massive databases that capture supplier information.
US firms with operations in Guatemala have filed complaints with Guatemalan officials and the government through their stakeholders about corruption, unfair treatment, and a lack of openness. Lawlessness and collusion between corrupt authorities and organized crime in supply chain and procurement departments emerge from insecurity difficulties, leading in economic imbalance and poverty among investors owing to inadequate returns. Corruption has a long-term impact on investment firms and stakeholders by impeding economic growth and preventing policies created by US stakeholders from being implemented. The resources of US investors are limited, reducing their revenues.
New technology necessitates the application of Hype and the 6 Ds. The Hype and the 6Ds necessitate a person determining the company’s technical standing. Identifying opportunities for improvement enables the company to expand its operations, increasing its market share and, as a result, increasing profit through the use of new technology. Determine which critical components of the company may need to be improved. The logistics, manufacturing, and supply chain industries, for example, all require the use of artificial intelligence models to assist with operations. Examining financial reports, which provide information about the organization’s financial condition, is necessary for identifying critical areas.
The use of modern technology in Guatemala will support sustainable economic practices in the country. Anti-corruption strategies, for example, will help most Guatemalan enterprises become more transparent in their operations. As a result, firm performance will improve, as will organizational compliance. In Guatemala, the number of reported cases is predicted to fall by at least 20%. Furthermore, anti-corruption activities will help the country break free from the chains of impunity that present at all levels of government. These will encourage the peaceful inclusion of societies in driving the sustainability agenda, leading in the formation of an affective and accountable Guatemala. According to the International Commission Against Impunity in Guatemala, 70% of cases documented as a crime result in acquittal.
Multinational Corporations (MNCs) are expected to alleviate the problem of procurement and supply chain corruption in Guatemala by implementing innovative technology and supporting sustainable practices. MNCs may improve sustainability by building a broad database of suppliers at all levels of supply chain management, from top to bottom. The database should include information on the locations of suppliers, their capabilities and areas for improvement, as well as their health, labor, and environmental practices. The aims and performance of the provider should be included in the database. Furthermore, MNCs should have access to suppliers’ capabilities to give exceptional services. To guarantee that deforestation does not occur throughout the procurement and supply chain, suppliers should be engaged on a regular basis.