GRC Insight: Governance, Risk, and Compliance in Context

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Tag: Supply Chain

News Highlight

Governance: Bringing Captive Supply Chains Home

A growing clamor for supply chain diversification and returning manufacturing to the US is going to land in the laps of the c-suite and board. It is starting with outrage at the vulnerability of medical supply chains. But the obvious weaknesses of current globalization are causing a review of all supply chains and their exposure to environmental and political risk.

News Highlight

Coronavirus Ethics in the Supply Chain Are a Risk for the Company, the CEO, and the Board

“We’ll get through this together” is statement of solidarity and shared sacrifice that is on the lips of many executives – an affirmation of corporate social responsibility. Does it also include the weak link in the supply chain – developing world suppliers? Hardball demands of suppliers threaten vulnerable workers, damage business relationships, and expose the CEO and board of directors to criticism and the company to reputation risk. Governance needs to take note.

News Highlight

Where Are the Masks? Supply Chain Reckoning Coming Post Pandemic

There is a coming reassessment of brittle and unresponsive supply chains prompted by the inadequate supply of medical masks. The masks, their non-woven fibers, ventilator parts, air cargo capacity, anticompetitive concentrations, government requisitions, and labor force disruptions are just a few of the third-party and supply chain risks revealed by Covid-19. Already in the U.S. there is strong sentiment to repatriate manufacturing and warehousing of medical goods.

News Highlight

Is There Growing Political Risk in Xi’s China

With factories restarting, is normalcy returning to China and its stable workforce and supply chain? Recent articles highlight signs of discontent among Chinese youth and within the Communist Party. The government’s handling of the coronavirus and its economic consequences, trade disputes with the U.S., and friction with Hong Kong are unpopular and bear watching for increasing third-party and political risk.

News Highlight

Global Supply Chains Potentially Impacted by Chinese Forced Labor of Uighur Minority

A new report claims that the global supply chain is corrupted by worker exploitation and forced labor stemming from the ongoing Chinese repression of its Uighur population. Perhaps 83 well-known brands – including Nike, Apple, and Dell – are serviced by these workers. A fresh concern for those in corporate governance and compliance concerned with reputation, third-party and supply chain risk.