Articles

Risk Management

Building a Future-Proof Supply Chain
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Building a Future-Proof Supply Chain

For business leaders and supply chain professionals, tariffs—and their impact on the cost, availability, and sourcing of critical parts and raw materials—are top of mind. In addition to tariffs, companies have faced persistent risks and disruptions since the pandemic five years ago. The “new normal” is a business environment defined by variability and complexity, affecting nearly every industry.

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Adapting Your Supply Chain to Mitigate Risk and Volatility
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Adapting Your Supply Chain to Mitigate Risk and Volatility

Q. How are companies adapting their supply chains to current conditions? A. In today’s market, companies are reshaping their supply chains to boost resilience and efficiency amid disruptions like geopolitical tensions, inflation, and shifting demand. A key focus is diversification, with firms reducing reliance on single regions by expanding supplier networks across multiple countries. Many […]

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Logistics Risk Management: What It Is, Types, and Implementation
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Logistics Risk Management: What It Is, Types, and Implementation

Unexpected events can derail even the most efficient logistics network, making risk management in logistics essential. From natural disasters to supplier delays, risks pop up without warning. That’s why logistics risk management is no longer optional—it’s essential. Companies today face supply chain disruptions that can impact everything from raw materials to customer satisfaction. Identifying potential […]

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Team Up to Deter Supplier Fraud
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Team Up to Deter Supplier Fraud

Despite their best technology and efforts, finance leaders continue to battle the ever-evolving tactics of fraudsters. A key reason is that finance’s fraud management strategies are seldom considered in the context of supplier information. Their peers in procurement, meanwhile, manage supplier information daily but the processes they use aren’t designed to prevent fraud.

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Automakers Shift to Smart Supply Chains
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Automakers Shift to Smart Supply Chains

Although the pandemic may be over, auto suppliers and original equipment manufacturers (OEMs) are still grappling with supply chain issues such as concern over net-zero promises, the growing EV market, geopolitical conflicts, evolving trade agreements, natural disasters, and high interest rates deterring shoppers.

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If You Don’t Quantify Risk, COVID Didn’t Teach You Anything
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If You Don’t Quantify Risk, COVID Didn’t Teach You Anything

No one would argue after the events of the past three years that supply chains aren’t broken. Wild discrepancies between supply and demand resulted in a crazy roller coaster effect that vacillated between too much inventory and empty shelves. Billions of dollars of goods sat for weeks or more on transatlantic barges while consumers cashed their stimulus checks, ready to spend. 

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Managing Supplier Risk: It’s All About the Information
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Managing Supplier Risk: It’s All About the Information

What was once “nice to have” information has been defined by law. As social and environmental concerns grow, governments and related third parties are demanding, with regulatory backing, that businesses manage ethical supply chains. What can large organizations with complex supply chains do to help mitigate supplier risk?

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How SMBs Can Re-evaluate Risk
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How SMBs Can Re-evaluate Risk

Supply chain disruption has been a major issue since the onset of the pandemic, affecting consumers’ ability to get everything from toilet paper and pharmacy items to cars and houses. At the same time, porch-pirated theft is on the rise, with around 210 million packages disappearing from porches across the United States in 2021, according to a Safewise study.

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