Top Strategies for Managing Supply Chain Risk - Jackson Wood

In this episode, we continue our insightful discussion with Jackson Wood from Descartes, delving deeper into the evolving landscape of supply chain risk management. As government regulations become less prescriptive, organizations must take a more proactive and collaborative approach to ensure the ethical and sustainable sourcing of their products and services.
Main Points:
Blurring Line Between Regulatory and Reputational Risk 🌫️: Government stakeholders are providing less specific guidance on identifying third-party forced labor risks, forcing companies to conduct extensive due diligence and research ownership and supply chain connections.
Importance of Cross-Functional Collaboration 🤝: Effective management of these challenges requires collaboration between departments like trade compliance, strategic sourcing, logistics, and risk management to ensure robust due diligence and supply chain transparency.
Leveraging Industry Collaboration and Technology Solutions 🛠️: Organizations can benefit from sharing best practices and advocating for government support through industry-wide efforts. Leveraging technology partners and solutions can enhance supply chain mapping and automate parts of the due diligence process.
Incentivizing Internal Collaboration 🎯: Senior leadership should create incentives for internal collaboration and prioritize supply chain risk management. Public commitments, transparent reporting, and aligning employee goals can drive cultural change within the organization.
Resources/Links:
Jackson Wood:
www.learnexpor...
Connect with Simply Trade Podcast:
- Subscribe: / @simplytradepod
- LinkedIn: / simply-trade-podcast
- Twitter: / simplytradepod
- Website: globaltraining...
Contact Us/ Suggest Topics
Contact [e-mail] or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest.
Suggest any topics you would like to hear about
Credits:
Host: Andy Shiles: / andyshiles
Host/Producer: Lalo Solorzano: / lalosolorzano
Co-Producer/Editor: Mara Marquez: / maramarquez85