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.
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.
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
To leave or reply to comments, please download free Podbean or
To leave or reply to comments, please download free Podbean App.