Many companies perform due diligence on their direct vendors, but there is an increasing need to extend this oversight to their full supply chain. Regulatory violations by indirect vendors can entail severe regulatory and reputational consequences. Meanwhile, regulators across the world are escalating enforcement of supply chain-related regulations as high-profile media reports continue to expose illegal activities hidden in complex supply chains. Advanced data analytics and visualization capabilities can help companies continuously monitor for instances of vendor-related noncompliance and produce real-time risk reporting, allowing them to address vulnerabilities in their supply chains.
As global supply chains increase in complexity, legacy methods of monitoring vendors are no longer adequate. This paper explores:
Strategic Risk and Trust Solutions Leader, PwC US