Articles
Risks and Rewards: Risk Management Strategies
Defending Your Supply Chain Against Hackers
As organizations continue to outsource, form partnerships, and share data with third parties, a strong vendor risk management (VRM) program that stays ahead of risks in the information supply chain has to be a top priority. Hackers stole confidential data from tens of millions of Target customers during the height of the holiday shopping season. […]
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5 Steps to Reduce Supply Chain Risks When Going Global
Natural disasters, huge economic swings, supply shortages, and security issues present considerable challenges to supply chains. One critical area that can bring a supply chain to a screeching halt is international trade compliance. Whether you’re starting out in the global market or already dealing with supply chain issues, these five tips will help you mitigate […]
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Black Swan Events: Planning for Supply Chain Resiliency
Major supply chain disruptions, commonly referred to as "Black Swan" events, are high-impact, low-likelihood occurrences that are typically not on your everyday radar. But knowing exactly where your product is in the supply chain is never more important than during these instances. The effects of a hurricane, flood, fluctuating oil prices, political unrest, and port […]
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Who Are You Doing Business With?
In our ever-connected and increasingly global economy, aggregated, real-time global trade data—such as denied party screening results—helps businesses ensure protection and compliance. Denied party screening is critical in shipping and international trade, and essential for minimizing business risk today. Country governments and international organizations maintain lists of people, organizations, and countries they are prohibited from […]
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Warehouse Fires Can Cripple Your Business. Preventing Them Just Got Easier.
As warehouse heights have increased with the help of new materials handling technology, so have the risks. That’s why fire codes often require property owners to install dense arrangements of expensive sprinklers throughout the racks. Fortunately, alternative designs can make this “in-rack” sprinkler protection far less cumbersome and costly. The proper sprinklers can be essential […]
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Europe Raises the Compliance Bar. Is Your Supply Chain Prepared?
Sweeping regulatory changes in the European Union (EU)are raising complex questions for businesses and introducing new tensions along the world’s supply chains. Manufacturers and importers will soon be tasked with reporting the origin of some metals and materials used in their products. They also will be responsible for disclosing aspects of their suppliers’ human rights […]
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Is Your Business Prepared for the Worst?
Disasters and tragedy happen every day. From fires and theft to severe weather events, we experience disruptive incidents on a regular basis. So how prepared is your business to withstand a crisis? How well have you incorporated risk analysis and crisis preparation into your business operations? Effective risk assessment depends on using our imagination to […]
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Serialization: It’s the Real Thing
To help combat counterfeiting, the premium beverage industry is taking advantage of serial numbers on product packages to uniquely identify products for increased connectivity throughout packaging operations and the supply chain. Premium beverages such as expensive wine, whiskey, and cognac have become an increasingly active market for counterfeiters in China, India, and Russia. It’s easy […]
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Three Steps to Mitigate Supply Chain Risk…Now
A supply chain vulnerability and risk assessment should be an integral part of any overall supply chain strategy analysis. Unfortunately, this is rarely the case. Many businesses don’t address supply chain vulnerability and aren’t prepared for potential supply chain disruptions due to either random acts of nature or deliberate actions. The recent West Coast port […]
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6 Global Supply Chain Challenges To Ignore at Your Own Risk
Along with the many benefits that come from sourcing outside the United States, such as low-cost manufacturing, several issues must be properly managed to ensure a successful supply chain. Finding a rock-bottom price in China or India is not the problem, but landing great costs while avoiding distance, timing, quality, and language problems can be […]
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