Covid-19 global pandemic shows why supply chain risk monitoring can help companies stay resilient in the face of disruption
Posted on 03-23-2020 by Lisa Thompson

Often, it takes a crisis to bring supply chain weaknesses to light. That's certainly the case with the Coronavirus, or Covid-19. Many companies have failed to adapt their risk management processes to meet the complexity of today’s global supply chains. As the Harvard Business Review recently... Read More

Sustainability-focused companies lower the boom on ocean plastics
Posted on 05-02-2019 by Lisa Thompson

Blame it on Blue Planet II. Since the nature documentary series began airing in early 2018, the blight of ocean plastics has come into focus for those who have watched it. Sir David Attenborough has become the Jiminy Cricket for this generation—a story-teller, a sage advisor, and apparently, the... Read More

Is worker welfare part of your corporate social responsibility commitment?
Posted on 04-26-2019 by Lisa Thompson

The World Day for Safety and Health at Work is a time to focus on issues that range from simple office practices (watch your posture) to slack attitudes or procedures that lead to devastating consequences on a massive scale. The International Labour Organization (ILO) established World Day for Safety... Read More

Before you say, ‘Be Mine’, be mindful of forced labor risk
Posted on 02-13-2019 by Lisa Thompson

The Valentine’s Day pressure is on. What gift will you choose to express your love to your sweetheart? Chocolate, roses and jewelry usually top the list of options—and the National Retail Federation projects that spending for Valentine's Day will top $20 billion this year. Jewelry captures... Read More

3 ways risk management technology improves productivity
Posted on 02-08-2019 by Lisa Thompson

One of the biggest potential time-savers for risk management professionals is technology. From initial risk assessment before on-boarding a new client to ongoing risk monitoring to surface threats more quickly, the power of artificial intelligence and advanced analytics show great promise. Tools... Read More

'Tis the season to combat forced labor
Posted on 12-13-2018 by Lisa Thompson

Holiday traditions vary. Whether you festoon a Christmas tree with sparkly baubles and tinsel, light a menorah for Hanukkah or tackle feats of strength for Festivus, gift-giving and holiday parties are likely part of your tradition too. But these seasonal celebrations have a dark side—the risk... Read More

Grocery chain bags food supply chain risk with eco-friendly option
Posted on 11-21-2018 by Lisa Thompson

Several months ago, we highlighted news that Kroger was phasing out plastic grocery bags as part of its Corporate Social Responsibility (CSR) commitment . The national grocery chain is not alone. When it comes to addressing food supply chain risk, corporate social responsibility programs are helping... Read More

Is forced labor & income inequality in your grocery cart?
Posted on 11-16-2018 by Lisa Thompson

How long would it take a woman processing shrimp in a typical Indonesia or Thai facility to earn what a CEO of a major grocer takes home in one year’s salary? 4,000 years. It’s just one of the disturbing statistics shared by Oxfam’s #BehindTheBarcode campaign to raise awareness into... Read More

Scoping out supply chain risk with technology
Posted on 11-12-2018 by Lisa Thompson

Without question, companies’ global supply chains and third-party networks increase their risk exposure. Yet, according to a recently-released benchmark report , approximately one-third of organizations lack a cohesive risk mitigation process —relying instead on a manual process or traditional... Read More

Can companies use ISO 37001 to help eradicate poverty?
Posted on 10-17-2018 by Lisa Thompson

Twenty-five years ago, the United Nations General Assembly declared October 17th International Day for the Eradication of Poverty . In marking the anniversary, the UN has stated that … “all people must come together to end poverty and discrimination in order to build a sustainable future... Read More

CO2 shortage leaves many in the Food & Drink supply chain feeling flat
Posted on 08-03-2018 by Lisa Thompson

Whether you’re cheering on your favorite team at a sporting event or enjoying some fun in the sun, it’s thirsty work. Unfortunately the combination of plant shut-downs in the UK and high demand has created a CO2 shortage that threatens to take the fizz out of summer. The potential for disruption... Read More

FCPA Hangover: Whiskey Maker's $8M Settlement Puts Food & Drink Industry on Notice
Posted on 07-13-2018 by Lisa Thompson

The makers of Jim Beam whisky have paid $8 million to settle allegations of bribing government officials to enter the Indian market. The settlement is a timely reminder of the continued threat of FCPA enforcement action , and the particular risks posed by third parties in the food and drink industry... Read More

Cracks in Food Safety Programs Lead to ‘Eggstraordinary’ Recall
Posted on 06-13-2018 by Lisa Thompson

Two-hundred and seven million eggs were recalled on April 13th of this year—the largest such recall in the U.S. in nearly 10 years. By May, another 12 people from 9 states had fallen ill from the tainted eggs, bringing the total to 35 with 11 individuals requiring hospitalization. Major supermarket... Read More

Lessons Learned: How One Global Economist Evaluates Political and Economic Risk
Posted on 03-02-2018 by Lisa Thompson

For the latest installment of our Q&A series, we spoke with Simon Baptist of the Economist Intelligence Unit (EIU). More than 100 economists and experts at the EIU analyze political and economic risks for some of the world’s biggest companies. As Global Chief Economist and Managing Director... Read More

Do You Need to Revisit Your Due-Diligence Process?
Posted on 11-04-2015 by Ulyana Androsova

Are you an unsung hero within your company? Marketing wins accolades for creative campaigns that drive leads. Sales receives a big pat on the back for converting leads into sales. Procurement, on the other hand, rarely receives praise for its constant vigilance to reduce risk while improving quality... Read More

Using News Alerts to Improve Supplier Risk Awareness
Posted on 10-14-2015 by Ulyana Androsova

Using News Alerts to Improve Supplier Risk Awareness Almost two decades ago, famed journalist and long-time CBS news anchor Walter Cronkite collaborated on a book entitled We Interrupt This Broadcast that highlights 47 historic, 20 th century events as they were announced—and played out—in... Read More

Creating Comprehensive Due-Diligence and Third-Party Monitoring Programs
Posted on 10-02-2015 by Ulyana Androsova

The regulatory environment that you operate in is more complex than ever—and as some of our past FCPA-focused blog posts show, organizations that fail to put due-diligence and third-party monitoring programs in place face enormous financial and reputational risks. That’s why we’re... Read More

Is Your Supplier Risk Higher Because of El Niño?
Posted on 09-30-2015 by susan.lawson-dawson@lexisnexis.com

El Niño, the warmer-than-usual Pacific water temperatures that influence the weather worldwide, is shaping up to be one of the most powerful on record—and businesses should be taking note. You may have noticed that being prepared is a hot topic right now, thanks to FEMA’s National... Read More

Expect the Unexpected—3 Benefits of Proactive Supplier Monitoring
Posted on 09-16-2015 by Ulyana Androsova

In the sixth annual Supply Chain Resilience Survey conducted by the Business Continuity Institute (BCI) in 2014, more than three-quarters of the respondents reported experiencing supplier disruption at least once during the previous twelve months. Some might find that result surprising, but as business... Read More

12 Million Reasons to Make Due Diligence a Priority
Posted on 08-28-2015 by Ulyana Androsova

Infant formula marketing—just writing those words triggers a mental picture of ads full of cheerful, chubby-cheeked babies. Unfortunately for Mead Johnson Nutrition Company, some third-party distributors promoting the formula took a different approach, landing the company in hot water with the... Read More

Does Your Due Diligence Process Need a Check-Up?
Posted on 07-21-2015 by Ulyana Androsova

Earlier this year, Teva, a drug-maker in Israel, disclosed to both the U.S. Securities & Exchange Commission and the U.S. Department of Justice that an on-going internal probe has revealed possible violations of the Foreign Corrupt Practices Act (FCPA) and/or local laws. It’s not an admission... Read More

Fashioning a Compliant Supply Chain
Posted on 06-18-2015 by Ulyana Androsova

Earlier this year, the Canadian Fair Trade Network (CFTN) and ReThink Communications launched a campaign designed to increase awareness of sweatshop issues in the apparel and textile industries. Called “The Label Doesn’t Tell the Whole Story,” campaign, it highlights the plights of... Read More

Complex, global supply chains make supplier due diligence more important than ever
Posted on 05-12-2015 by Ulyana Androsova

Remember the movie Captain Phillips from a couple years ago? It told the true story of the first American cargo ship to be hijacked in two hundred years. It was dramatic, memorable—and to a point, accurate. But there’s a hidden, perhaps less Hollywood-worthy story that puts organizations... Read More