Strengthening Supplier Vetting Processes in an Evolving Regulatory Landscape with Jackson Wood

In this episode of Simply Trade, Andy and Lalo continue their discussion with Jackson Wood of Descartes on how companies can strengthen internal collaboration and supplier vetting processes to properly manage increasingly complex regulatory, reputation, and resiliency risks in global supply chains.

Main Points:

• Governments providing less prescriptive guidance on "risky" suppliers, creating challenges for companies to identify all risks beyond just checking government lists
• One company had to create a new full-time role to conduct manual research on potential suppliers due to increased due diligence needs
• Importance of documenting supplier vetting processes to demonstrate "reasonable care" if issues arise
• Trade compliance expertise in thorough due diligence can help guide other departments' processes
• Regulatory and reputation risk lines are blurring, requiring proactive risk management
• Technology can help automate vetting processes and provide audit trails

Listen to this episode of Simply Trade to learn practical steps your company can take to strengthen internal collaboration and leverage trade compliance expertise to properly vet suppliers and manage evolving risks in global supply chains.

Enjoy the show!

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ 
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ 
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

Show references:

• Global Training Center - www.GlobalTrainingCenter.com

• Simply Trade Podcast - twitter.com/SimplyTradePod 

• Jackson Wood - https://www.linkedin.com/in/jacksondavidwood/  

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