Revisiting Regulatory Risk in the Supply Chain

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Revisiting Regulatory Risk in the Supply Chain

Blog by Julie Urlaub, Founder and Managing Partner at Taiga Company
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Revisiting Regulatory Risk in the Supply Chain http://bit.ly/nvJdi9 by @TaigaComany #sustainability #SCM
Wednesday, September 28, 2011 - 9:37am

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n 2010, we published a post, Are You Outsourcing Your Business Sustainability Risk?, which examined the dangers of external reliance and the need to build in-house competencies.  Our sustainability consulting practice once again turns its attention to risk management in the supply chain, as new seeds begin to sprout in the worlds developed economies.
 
According to popular research, supply chain risk is a very hot topic in corporate board room discussions.  Thus, it is often practical to consider risk categories as a starting point for an initial value assessment of a supply chain.  Besides supply risk, regulatory compliance is one of the greatest areas of supply chain concern. 
 
“Increased market and business leadership pressure to account for supply chain risk has put intense pressure on vendor management offices to have deep visibility into the supply chain and a broad set of risk mitigation plans. Most companies, overwhelmed with this task, only track supplier health indicators that are easy to collect and plug into standard risk assessments. This approach inadequately separates the suppliers that may be in trouble from those that are truly at risk.”  –Procurement Strategy Council 
 
Recognizing and understanding risk opens the door to implement measures to improve performance.  Click here to continue revisiting regulatory risk in the supply chain.  
 

Home to one third of the earth's trees, the Taiga is the largest land-based biosphere and encircles the globe. Its immense oxygen production literally changes the atmosphere and refreshes the planet. It is this continuous renewal that has shaped Taiga Company's vision to drive similar change in the business world. Taiga Company seeks to be the "oxygen for your business".

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Keywords: Business & Trade | Taiga Company | regulations | risk | risk management | sustainable supply chain

CONTENT: Blog