The collapse of Silicon Valley Bank (SVB) incident highlights the critical role of boards to ensure third-party compliance, a risk management prioritization.
The collapse of Silicon Valley banks serves as a reminder for businesses to strive for proactive vigilance through a risk management program that monitors and ensures third-party compliance.
Due diligence reviews help organizations mitigate risk by ensuring they have the necessary information to make informed decisions about potential partnerships, investments or transactions.
The biggest lesson is that disruption is the norm, not an anomaly. We can’t predict, but we can always prepare to be resilient.
Leveraging technology like automation, and real-time surveillance capabilities—providing early warnings, and forecasting surges, can help organizations tackle supply chain risks.
Businesses must prepare for supply chain disruptions by building more proactive strategies to achieve visibility and resiliency within their organization.
Enterprises today need to increase their investment in risk management solutions that give them greater visibility into their partners and the Nth parties in their supply chains.