Understanding the Evolving Risk Landscape

The modern business environment presents a complex web of interconnected risks, and the supply chain is no longer an isolated entity. Geopolitical instability, climate change, pandemics, and cybersecurity threats all significantly impact supplier operations and, consequently, a company’s ability to deliver goods and services. Effective supplier risk management must now incorporate these broader macro-level factors into its assessments. Simply focusing on traditional financial stability metrics is no longer sufficient; a holistic view is critical.

Moving Beyond Traditional Due Diligence

Traditional supplier risk management often relied on rudimentary due diligence processes, primarily focusing on financial health