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

How mining became a global CSR Achilles' heel
Posted on 08-27-2019 by Lisa Thompson

Our globalized society relies heavily on highspeed communication, made possible by the continuous innovation in the global electronic industry. Everyday electronics like smartphones, tablets and laptops, along with the rapidly growing market for Internet of Things (IoT) technology, require a vast amount... Read More

Frontline compliance requires expert juggling
Posted on 04-18-2019 by Lisa Thompson

There’s no room for clowning about when it comes to risk management and maintaining the integrity of international business. According to records of ancient Chinese history, the armies of the Chu and Song states were facing each other in readiness for battle in 630 BC when a Chu warrior, Xiong... 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

'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

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

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