supply chain risks

Multi-Decade High Inflation Creates Both Risks and Opportunities

Back at the beginning of 2021, I explored the gathering storm clouds of inflation and whether it was going to become an issue for businesses and individuals in the year ahead. Very few were talking about it at the time, but signs were percolating that price inflation was indeed going to increase – the question…

Current political events impacts supply chain resiliency

Impacts of Russia-Ukraine War Accentuate Need to Examine the Full Spectrum of the Supply Chain

Like many, I’m overjoyed when I see young children being inquisitive. During a family dinner last week, my 7-year old son became intrigued about his heavy-duty insulated plastic cup he was drinking out of. He asked my husband and I if we knew how they could get the logo inside the cup and then began…

Does ESG Expose Additional Risks and Opportunities?

If you work with a publicly-traded company or otherwise follow financial news, you’re undoubtedly familiar with ESG, which can best be described as a “set of standards” for evaluating a company’s track record on an array of Environmental, Social, and Governance issues. Over the last decade or so, ESG has become a significant concern for…

Risk & Compliance Conference Session Provides Deep-Dive into Third-Party Risks

Risk management isn’t solely about managing threats and opportunities within your company. Just like it would be impossible for us to grow food, provide clothing, shelter, and other necessities all on our own, the same fact is true for a company. It would be impossible to provide every raw material or handle every service in-house.…

Coronavirus Response Not Always About Minimizing Harm

Unless you have been living under a rock for the last couple of months, you have undoubtedly heard about COVID-19, a new type of coronavirus. In a daily report from the World Health Organization for March 9th, there are close to 110,000 reported cases worldwide. Sadly, the virus has claimed the lives of just over…

Ford Supplier Explosion: Why Being Prepared for a Supplier Outage is Crucial to Your Company’s Survival

Ford’s popular F-150 pickup is something I’m well familiar with. My husband has owned one for nearly 20 years and spent what seemed like an eternity searching for his newer one a few years ago. He says he doesn’t plan on buying another one in the future, but I’ll believe it when I see it.…

Supply Chain Risk Management – Ensuring You Can Handle a Vendor Outage

Questions and considerations for making sure your company can stay in business during supply chain disruptions A recent white paper published by Transvoyant titled “A Revolution in Risk Management” discusses the use of data analytics and artificial intelligence in supply chain risk management. While it was extremely interesting how companies can use the evolution…