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Financial services is a heavily regulated industry. So how exactly do you ensure your supply chain meets all the compliance standards? Here are 5 critical steps you can take to automate the entire process:
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🔗 In our connected world, a single weak link can unravel entire networks. Let's weave stronger safety nets together—discussing supply chain and systemic defenses. https://lnkd.in/ecK-sCqQ #SupplyChainSecurity #RiskMitigation
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🔗 In our connected world, a single weak link can unravel entire networks. Let's weave stronger safety nets together—discussing supply chain and systemic defenses. https://lnkd.in/ecK-sCqQ #SupplyChainSecurity #RiskMitigation
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Risks of Using a Third Party: 1. The process is broken 2. Reduced customer/supplier contact 3. Leakage of sensitive data and information 4. Ineffective contracts 5. Loss of supply chain visibility 6. Negative reputational impact
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The rising threat of cyberattacks and data breaches requires industry operators to implement comprehensive, long-term strategies using all available technologies, with focus on system lifecycle and supply chain management, Steven Kenny tells OGN Read more on https://lnkd.in/dTqFqwE9 #OGNews
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Anytime I see an article that talks about risk and global supply chain, I pay attention. This is exactly the type of solutions we develop at DTN, and this article rightly states that successful supply chains should be transparent and simple. DTN is in the business of delivering insights that lead to more resilient supply chains based on accurate and timely data. #supplychain #riskmanagement https://lnkd.in/eZZCkC4v
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Visibility in the supply chain is key because it helps you spot risks early and act when needed. Think about things like delayed deliveries, financial issues with suppliers, or damage to your reputation. 3rdRisk gives you this insight through a handy catalog. You get a full overview of your direct and indirect suppliers because your supplier is often relying on another supplier. That’s why downstream visibility is so important. Many risk professionals either forget this or don’t have a clear picture, and that’s a big problem! Because if something goes wrong further down the supply chain, you’ll be too late to fix it 🆘 With 3rdRisk’s platform, you’ll have easy and automated insight into your entire supply chain. Want to learn more? Check out our website or drop me a message!
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SOC for Supply Chain reporting can be a powerful tool for organizations seeking to enhance trust and transparency in their supply chains. Learn how you can provide assurance amid mounting risks and complexity. https://pwc.to/3KXuLT2
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"Freight Market Rebound" There are currently several different working theories surrounding... When? How? Where? Why? One thing that is not up for debate? Transportation/Logistics teams who have thoughtfully invested to establish resilient networks over the last 24 months will be much better positioned than those who have not. If you haven't...don't worry, it isn't too late. One of the most common questions our enterprise customers have asked over the last few months: "Where is there risk in my network?" Through tools like SONAR's Supply Chain Intelligence (pictured below), we can answer this question by combining our proprietary capacity risk scoring and spot/contract rate data. Request a demo here (link in comments) or DM me directly to receive a complimentary risk assessment of your truckload network.
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Supply chain disruptions can significantly impact your financial institution’s operations, financial performance, reputation, and more. Explore how to identify, assess, and mitigate supply chain risks in 8 key steps. https://hubs.li/Q02L97jZ0
8 Steps to Navigate Supply Chain Risks for Financial Institutions
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