Blogs

High tariffs on Canada, Mexico, and China will disrupt supply chains, but businesses can mitigate risks and capitalize on opportunities by using real-time risk intelligence tools to adapt quickly and diversify suppliers.

With DORA regulations coming into effect in January 2025, organizations must strengthen ICT risk management, incident response, and third-party oversight to ensure compliance. Taking action now will boost resilience and minimize disruptions.

The blog emphasizes the importance of continuous vendor risk monitoring to assess third-party risks and maintain compliance while protecting organizational integrity. It outlines best practices such as establishing a risk-based framework, utilizing technology for real-time assessments, and engaging stakeholders to effectively mitigate vendor-related risks.

Continuous monitoring is a proactive strategy that assesses vendor risks in real time using advanced technologies. It helps organizations adapt to changing risks and ensure compliance. Solutions like Supply Wisdom enhance this process with automated alerts and risk intelligence for effective risk mitigation.

This blog post examines the ongoing conflict in Israel one year after the October 7, 2023, attack, focusing on its humanitarian impact, global tensions, and regional instability, along with U.S. political dynamics.

In the face of Hurricane Milton's rapid intensification to a Category 5 storm, businesses must prepare for potential supply chain disruptions. With critical updates on the storm's trajectory and impacts, companies should prioritize proactive measures such as developing contingency plans and enhancing supply chain visibility.

Discover how to identify and manage risk beyond third-party vendors in your supply chain. Learn about the challenges of 4th to Nth party identification, the importance of accurate supply chain data, and how to mitigate concentration risk. Explore solutions for maintaining operational resilience and regulatory compliance in today’s interconnected business landscape.

Supply chain leaders are tasked with navigating this intricate web of suppliers, partners, and logistics networks while managing risks that could disrupt operations. In this environment, traditional methods of risk management are no longer sufficient.

The growing focus on operational resilience and regulatory demands is driving CROs to adopt continuous monitoring for comprehensive, real-time risk intelligence. Modern TPRM solutions must cover a broad spectrum of risks, including location-based threats, and integrate seamlessly into existing systems to ensure enterprise resilience and proactive risk management.

Learn how to navigate and comply with the stringent risk management guidelines from OCC, CFPB, FDIC, FFIEC, and DORA. Discover best practices for protecting your business and customers from third-party risks and enhancing your third-party oversight strategies.

Discover the global impact of the recent Microsoft outage and learn how continuous monitoring of critical vendors can enhance operational resilience. Understand how proactive risk management with platforms like Supply Wisdom can help businesses swiftly recover from disruptions and gain a competitive edge.

Discover how accelerating supplier onboarding can amplify revenue for large enterprises. Learn how optimizing this process boosts agility, operational efficiency, supplier relationships, risk management, and customer satisfaction, positioning your company for sustained growth and competitive advantage.

Discover how the 'New Luddites' in modern organizations resist innovation and automation, and why embracing AI-driven technology is crucial for effective risk management in today's fast-paced, real-time world.

Discover the inefficiencies of questionnaire-based third-party risk assessments and explore the advantages of AI-based continuous monitoring for effective risk management. Learn how AI can provide real-time, accurate, and cost-efficient solutions to enhance your organization's risk visibility and adaptability.

This blog will explore how risk intelligence integrates with vendor management software and why it is essential for businesses to incorporate this functionality to protect their interests and maintain compliance.

The primary concern is the geographic concentration risk. US electricity demand growth is accelerating, and businesses are seeking out inexpensive, stable, and plentiful areas of the grid in which to tap into this market. As the above diagram shows this growth

Explore how Supply Wisdom’s risk intelligence enhances resilience with precise, location-specific insights for effective decision-making in global business continuity and sustainability.

Third-Party Risk Management is essential for organizations to identify, assess, monitor, and mitigate risks associated with their third-party relationships.

To mitigate these risks, organizations must prioritize cybersecurity at every stage of the M&A process, from due diligence to the post-merger integration phase.

This is a dangerous time for companies and their risk teams. As risk positions are being eliminated the possibility for companies onboarding “bad vendors” as well as missing critical negative signals about existing vendors is increasing. But there is a way to RETHINK RISK, UNLOCK REVENUE. Read on....

Exploring Middle Eastern geopolitics, this blog dissects the worldviews of key players, including Iran and Israel. It examines historical events, ideological drivers, and strategic considerations, revealing a delicate balance of power and potential for escalation.

The collapse of the Francis Scott Key Bridge in Baltimore has triggered an $81 billion trade crisis, disrupting vital shipping operations and impacting various sectors of the economy. While efforts are focused on rescue and recovery, the long-term repercussions underscore the urgency for swift and coordinated measures to mitigate the impact of this unforeseen event.

Explore the ongoing Russia-Ukraine conflict's impact on economies, politics, and military operations in this insightful blog, offering a comprehensive analysis of its global repercussions.

Recent strategic rerouting decisions underscore the substantial impact of regional instability on global commerce. Over 100 container ships have been directed away from the Suez Canal, circumnavigating southern Africa to elude Houthi rebel assaults near Yemen's western coastline in the Red Sea.

The chronology of events that unfolded over the past year presents a clear narrative of the consequences of cyber vulnerabilities and the compelling need for an advanced risk monitoring system

Location risk is one of the most challenging risks to manage which is why it is a risk that is not well understood even amongst well informed individuals.

Drawing inspiration from General Reginald Victor Jones, the father of modern scientific intelligence.

Today’s decision makers disproportionately focus on financial risk, seemingly ignorant to the historical record

Cybersecurity risks are becoming more severe and systematic. Although the short-term effects of a data breach on a bu...

While ESG has gained popularity in recent years, in the United States the values behind the movement date...

6 actionable next steps for TPRM and Resiliency teams in response to the recent bank failures of Silicon Valley Bank...

The Telecommunications Security Act (TSA) aims to protect the UK’s telecommunications networks from cyber risks.

We keep a close eye on the risks businesses face daily. Based on that we have three recommendations.

Legacy risk approaches and quickly stale assessment data are no longer effective in today’s dynamic risk environment.

Nearly 40,000 Verizon workers go on strike”... This headline flashed across the US and the Philippines between April and June 2016.

The threat of a global pandemic is not new. In May 2006, the Homeland Security Council issued the National Strategy for Pandemic Influenza Implementation Plan.

One of the first steps in laying the foundation for success is aligning risk appetite across all stakeholders. Take sales for instance, which is more likely to push the envelope on risk in favor of driving revenues.

It is hard to ignore the third-party risk arising from audit failures. Such events need regular monitoring because they assist companies in critical decision support for supplier consolidation, contract re-negotiations, bid evaluations, third party selections etc.

Blockchain is rewriting traditional approaches for managing data, ownership, and transparency. Blockchain could well have a significant impact on how credit bureaus function by addressing the gaps with ID verification, ownership of data, and data security.

The Big Four had successfully established their initial brand as accounting and auditing service providers by the 1980’s. Then during the late 1980’s and 1990’s, the Big Four witnessed a transition from providing traditional services to consulting and advisory.

Cyber-attacks can adversely impact businesses as they can compromise sensitive data and disrupt operations causing detrimental consequences.

The trust and confidence of consumers and partners can have a direct and profound effect on a company’s bottom line.