SUPPLY CHAIN
and trustworthy due diligence is nearly impossible without quality data and analytics .”
The same approach can be applied to freight and logistics when leveraging multiple businesses . “ Invest in your processes to ensure you can do more with the same , or fewer , resources . This usually means automating your supply chain data , so you ’ re finding new suppliers or managing existing suppliers ,” says Brian Alster , GM North America , Finance & Risk at Dun & Bradstreet .
Is joint risk management sustainable ? Suppliers are also incentivised by risk , so it ’ s important to ensure that both strategies align . With a solution that allows sharing of data and insights from business to business , working collaboratively with supply , manufacturing , or distribution partners is much easier . Collective analysis of partnerships can determine the implications of scaling up or scaling down workloads to meet demand levels , but also buffering a reduction in capacity with another supplier .
“ To do due diligence properly , one needs a technology and analytics platform that enables real-time monitoring , benchmarking and the mitigation of ESG risks ,” says Franklin
Investment in digitalisations provides all parties with more clarity of the supply chain risks , which can also be a factor that impacts how a product is designed or tested . Joint risk management from a sustainability standpoint relies on all parties ’ abilities to disclose their sourcing data to determine the overall impact of a product , but also the end-of-life risks that can also have a negative effect on targets . sustainabilitymag . com 151