The impact of a security beach or supply chain disruption can result in both direct and indirect significant financial loss, market share loss, regulatory compliance issues and/or damage to an organization’s reputation and brand. Threats to the supply chain’s integrity are present at all component links-from manufacturing facilities and transportation/shipping networks to distribution centers. Kroll provides security and crisis management support to companies operating within the global supply chain. Supply Chain Security and Crisis Management Our Supply Chain Risk Review screens for the following types of third-party risks:Ĭontact us today to learn more about how our Supply Chain Risk Review can help you proactively and comprehensively identify potential risks hidden in your global supply chain networks. By identifying possible areas of concern early, our clients can more efficiently and cost-effectively address risks before they disrupt the flow of information, goods, services and cash across their global supply chains. Our Supply Chain Risk Review screening tool draws upon our firm’s proven risk identification capabilities to act as an early warning system, highlighting latent third-party risks hidden within a supply chain.
Geopolitical uncertainty, such as trade and tariff wars, regulatory and tax changes, political instability and industrial unrest.Loss of business continuity due to continuing COVID-19 related impacts.We can provide our clients with tailored solutions to address their unique supply chain concerns, such as:
SUPPLY CHAIN RISK MANAGER PROFESSIONAL
Augmenting our professional expertise is a suite of modern technology tools to provide the most comprehensive risk management solutions. Our supply chain risk management professionals include on-the-ground industry experts, investigators, forensic accountants and data analysts cyber, political and security risk experts former regulators, law enforcement officers and government officials and valuation, tax and transfer pricing experts. Our global reach, investigative expertise, local tax and regulatory knowledge, and real-world experience allow us to help clients proactively identify and mitigate risks before they materialize. In a world of finite resources, companies need to implement a risk-based approach to most effectively and efficiently manage physical security risks across their end-to-end supply chain.Īs a leading global provider of risk solutions, we are optimally positioned to protect, restore and maximize the value of our clients’ global supply chains. Random checks on low risk suppliers while skipping higher risks ones is likely just as ineffective as not conducting any checks at all.
However, while most effective, this approach simultaneously exposes a company to risk given the challenge in efficiently operationalizing a multi-step process on something as complex as a global supply chain. This likely reflects the acknowledgement that a multipronged approach to managing risk is most effective. In our recent informal LinkedIn poll on how companies manage the physical security of their supply chains, an overwhelming majority of respondents selected a comprehensive approach that consists of end-to-end assessments, spot checks, and targeted reviews of their supplier’s suppliers (fourth parties).
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