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Commercial Risk: Covid-19 and ESG Demand Greater Supply Chain Risk Transparency

Written by John Bree

Covid19 and Supply Chain Risk
Covid-19 is putting supply chains under immense strain, adding to existing pressures from natural catastrophes and political risks. The pandemic, for example, has caused severe delays in shipping. A shortage of containers and container vessel capacity, coupled with Covid-19 measures, have led to congestion at major ports and delays to shipments from Asia.

Supply chain risk management must go deeper to cope with more frequent and severe shocks, as the pandemic highlights that many companies do not fully understand the risk.

In this interview with Commercial Risk, John Bree, Chief Evangelist & CRO, Supply Wisdom discusses why the experience of Covid-19 and increasing environmental, social and governance (ESG) requirements will see corporates take a deeper, more local and forward-looking view of supply chains and suppliers.

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