Hearty risk management yields healthy dividends
Posted on 04-05-2019 by Lisa Thompson

Most risk management professionals know the adage, “An ounce of prevention is worth a pound of cure.” But in the digital age, you need more than an ounce of prevention when it comes to mitigating regulatory and reputational risk . It’s a lesson learned the hard way by one of the largest... 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

Is Your Company Doing Enough to End Human Trafficking?
Posted on 01-09-2019 by Lisa Thompson

January 11 is National Human Trafficking Awareness Day. Established in 2007 by a Senate resolution, the day shines a spotlight on the issue of trafficking men, women and children for financial gain. Many associate trafficking with sexual exploitation, however among an estimated 16 million human trafficking... Read More

The Foreign Corrupt Practices Act—2018 review
Posted on 12-20-2018 by Lisa Thompson

2018 has been a record year of penalties issued for breaches of the Foreign Corrupt Practices Act (FCPA). Settlements totaling more than $2.96 billion were agreed by corporations found to be in breach of the Act. The year saw further indications of the FCPA’s global reach, witnessed the first judgments... 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

Supplier Engagement- The key to reducing your Reputational Risk
Posted on 09-19-2017 by Ulyana Androsova

Brand reputation has never been more important in influencing consumer and stakeholder decisions. At the same time, brand image can alter extremely quickly thanks to the increasingly instant nature of the media and the profile of public opinion. Witness the impact of the negative media attention on Marks... Read More

Compliance Check: Gaps and Good Practices Appear in Modern Slavery Statements
Posted on 06-26-2017 by Ulyana Androsova

In October 2015, the UK Modern Slavery Act came into effect, including the Transparency in Supply Chains (TISC) clause requiring businesses to disclose the steps they are taking to tackle modern slavery. Businesses with a year-end of 31 st March 2016 were the first ones required to publish their modern... Read More

Supply Chain Predictions from Industry Experts
Posted on 03-14-2016 by Ulyana Androsova

In recent years, Mark Dunn, Segment Leader for Entity Due Diligence & Monitoring at LexisNexis, has organized virtual panels to probe for insights from supply chain gurus around the globe. This year was no exception, and Mark recently provided this recap of the panel members’ thoughts about... Read More