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

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

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

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

Building a model CSR strategy brick-by-brick
Posted on 03-09-2018 by Lisa Thompson

LEGO Group will sell some pieces made from plant-based plastic this year—it’s the first step in its bid to make all products and packaging from sustainable materials in 2030. LEGO prioritizes corporate social responsibility, earning it the ranking as the company with the best reputation by... Read More

Step One for Supply Market Intelligence Success: Embracing the Intelligence-Forward Mindset
Posted on 10-24-2017 by Ulyana Androsova

Written by Jeanette Jones founder of Cottrill Research Supply market intelligence (SMI) is increasingly becoming a key strategic component within procurement. The strategic use of intelligence is a way for professionals to approach the many challenges that are faced, whether from other departments... Read More

Don't Risk Supply Chain Disruptions By Being Unaware of Sanctions
Posted on 06-11-2015 by Ulyana Androsova

In this guest post for Procurement Leaders Mark Dunn, Segment Leader for Risk at LexisNexis, shares his views on supply chain visibility and strategies to mitigate the impact of international and domestic sanctions. Widening impact of sanctions for companies To date, enforcement of sanctions regimes... Read More

6 Risks to Today's Supply Chains
Posted on 05-13-2015 by Ulyana Androsova

How does the lack of rain in Brazil impact your supply chain? While it may sound improbable, but in today’s global economy, a drought can have a ripple effect that travels further than once thought possible. A water shortage leads to problems at hydro-electric power plants, which leads to inconsistent... Read More