This episode of CRO Wisdom features Jim Routh, Former Risk Leader, Mass Mutual and Aetna. In this episode hosted by Atul Vashistha, Chairman, Supply Wisdom, Jim talks about the challenges of risk management at a time when third-party risk events are rising in frequency and severity. He shares his views on the limitations of periodic assessments and why they are insufficient for today’s world.
Jim, an independent director at Supply Wisdom, discusses what he sees as the new frontier in supply chain risk management, based on data-science and automation as innovation catalysts. He talks about the critical importance of continuous risk monitoring across a wide risk aperture and the use of automation in enabling risk actions.