While supplier risk management is not a new program, today’s challenges require a new response. The confluence of current conditions – including the pandemic, geopolitical and social upheaval, a resurgence in modern slavery, financial uncertainty, and the urgency of the climate crisis – make old “siloed” compliance-oriented approaches unmanageable, and the outputs ineffective. Supplier risk demands a holistic and proactive approach, where the best defense is a performance-based offense that can serve as a foundation for upside and positive impact. Using data gathered from over 50k suppliers, you will gain insights into the current state of supplier practices managing through the growing list of threats that are ‘fatiguing’ buyers and suppliers alike. 

 

Contributors: EcoVadis, Verizon
Categories: 2023 Spring - Amelia Island, Summit Presentations
SRC Type: Risk Management, Sourcing Management, Sustainability