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GRC Insight: Governance, Risk, and Compliance in Context

GRC Insight is highlighting news, trends, and thought leadership in governance, risk, and compliance. We complement it with original opinion, research, and reviews. Save time, and stay on top of your profession.

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Tag: Third Parties
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.

April 1, 2020
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.

March 29, 2020
News Highlight

Increase in Sanctions Surges Demand for Compliance Professionals and Outsourced Services

The growing use of sanctions as a policy tool has created a demand for compliance professionals that is outstripping supply. The result is an extremely tight job market and rapid growth of third-party services provided by accounting firms, law firms, and specialized compliance consulting firms. Unemployment for compliance professionals currently stands at 0.2%.

March 11, 2020
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.

March 2, 2020

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