SupplyShift, a Sphera company

Interested in learning more about the state of supply chains in 2024 and how businesses can get ahead of supply chain risk? Join Heiko Schwarz, Global Supply Chain Risk Advisor at Sphera, and Alex Gershenson, Global Advisor, Supply Chain Sustainability at Sphera, for this live webinar on April 3, 2024, for a look at the current state of supply chains. They will discuss key insights from Sphera’s inaugural Supply Chain Risk Report, which examines the risks that impacted supply chains in 2023 — as well as their causes and consequences. Among the risks they will discuss are growing supplier viability challenges, a rise in cyber threats, impacts from extreme weather events and increasing pressure from ESG requirements. Register now: https://bit.ly/3wX8Bg6 #SupplyChain #RiskManagement #Sustainability

Pleased to announce that Sphera’s inaugural Supply Chain Risk Report is available now! The report shows that supply chain impacts from the COVID-19 pandemic moved into the rearview mirror in 2023 while economic uncertainties, extreme weather and ESG-related risks were among the supply chain disrupters last year. With this new report, Sphera aims to provide insights into the risks that impacted supply chains in 2023 — as well as their causes and consequences. The report is based on data from Sphera’s Supply Chain Risk Management (SCRM) software, which provides actionable insights into a multitude of potential disrupters so companies can proactively manage and mitigate supply chain risk. Paul Marushka, Sphera’s CEO and president said, “Sphera’s Supply Chain Risk Report shows that a broad range of risks, increasing ESG regulations and compliance failures can stress businesses. Risk exposure is dynamic, and constantly evolving supply chain risks cause ever-increasing market volatility. By optimizing the supply chain composition and diversifying suppliers, companies can better manage the uncertainty that comes with supply chain disruptions. To do this, organizations need a solution that provides actionable insights for proactive risk monitoring that enables them to get ahead of disruptive events. Staying ahead of supply chain risk helps businesses reduce potential costs associated with such risk, gain competitive advantage and build transparent, agile supply chains.” Read the press release for key insights from the report: https://bit.ly/4a1OVWL #SupplyChain #RiskManagement #Sustainability

The U.S. Securities and Exchange Commission (SEC) voted 3-2 today to finalize the climate-related disclosure rules for large, publicly traded companies. Heading into today’s vote, there was a lot of uncertainty as to whether Scope 3 requirements would be included. And we now have the answer: the SEC decided to remove Scope 3 disclosures from the rules. But many of the companies that will fall under the SEC rules may find they need to report their Scope 3 value chain emissions under other regulations. Sphera’s CEO and president, Paul Marushka, noted, “Even with the removal of Scope 3, thousands of U.S. companies will have to comply with Scope 3 reporting requirements under the EU’s Corporate Sustainability Reporting Directive, California’s Climate Corporate Data Accountability Act, or both. This will also impact supply chain partners of companies that need to report, whether or not the suppliers fall within the scope of these reporting regulations.” Under the finalized SEC rules, disclosures of Scope 1 and Scope 2 emissions (if deemed material) are required from large accelerated filers and accelerated filers. An assurance report at the limited assurance level is required; after a transition period, large accelerated filers will need to provide reports at the reasonable assurance level. Now that public companies in the U.S. know what’s required under the SEC’s climate-related disclosure rules, the sooner they start preparing, the more smoothly their reporting activities will go. Read this blog to learn more about the SEC’s final climate-related disclosures ruling: https://bit.ly/49L6ASH #SEC #RegulatoryCompliance #Sustainability