The coronavirus pandemic has led to severe shortages of personal protective equipment (PPE) needed to protect Americans from the disease. The crisis has revealed an overreliance on imported supplies, particularly from China.
Vendor risk management, also called supplier risk management or third party risk management, describes the efforts of managing the risks posed by the companies who sell you products and services. This white paper from riskmethods will help you identify, assess and mitigate the risks posed by your vendors or other third parties.
Challenge: With Europe shutting down amid the COVID-19 pandemic, a global automotive parts supplier needed to convince a key client that it had visibility to avoid potential disruption in its supply network.
Challenge: A U.S. multinational had 14 manufacturing sites in Europe, the Middle East and Africa (EMEA). Each site booked transportation using a carrier-specific terminal and website, which resulted in a multitude of site-specific and carrier-specific shipping systems. Consequently, the company lacked centralized visibility for shipment movements and transportation spend.
The latest news, analysis, services and systems regarding global logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods faster and farther around the world than ever before through global logistics solutions. New technologies that provide information during global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using global logistics solutions to power their supply chains.
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