Press Mentions

Corporate Compliance Insights: The Risk Management New Normal

Atul Vashistha Written by Atul Vashistha

Third Party Risk Management - The New Normal
Imagine if each year, there was an award show for risk. Of course, due to the pandemic, the award show would have to be virtual – but if there was such a show, the pinnacle award would be for the Most Disastrous Risk of the Year.

Hands down, the award for 2020 would go to location risk. In case you aren’t familiar with location risk’s body of work, it includes events specific to a geographical location: natural disasters, disease outbreaks, social unrest, political instability, terror attacks, whether physical or cyber, and macroeconomic conditions.

In this article, Atul Vashistha, Chairman, Supply Wisdom confirms that financial and cyber risks are lagging indicators, and why TPRM programs must focus on monitoring the countless leading indicators improve business continuity and supply chain resiliency.