Supplier Assurance Has Never Been More Important During Uncertain Times

Presented by

Alex Hollis, Services Director & Matthew Davies, Product Director

About this talk

PLEASE NOTE: We have modified our vendor-risk webinar to reflect the current times. The presentation has been pushed back so we can prepare our key insight and research to help you feel confident in your third-party risk programme during COVID-19 and beyond. The way we manage and rely on our suppliers has significantly transformed in recent weeks – we need to adapt as third-party risk has changed forever. As noted in the Harvard Business Review, the importance of understanding your supply chain and fourth parties has never been more prevalent; 'The vast majority of global companies have no idea of what their risk exposure is; that’s because few, if any, have complete knowledge of all the companies that provide services or parts to their direct suppliers.' The effects of the coronavirus pandemic (COVID 19) has created a huge unknown to your third-party risk programme, and the risk exposure of your third and fourth parties is only just starting to be understood. So how do you manage the strain of this? Join our Third-Party Risk experts, VP of Services and Product Director. They will take you through how to identify the impacts of (COVID-19) with a practical checklist and an emergency assessment for your suppliers. Alex and Matthew will also cover the importance of 360 vendor visibility, how to identify and manage your fourth party vendors, and integrating your TPRM program into your wider Risk and Compliance processes. Key takeaways: 1. What should you be asking your suppliers about COVID-19 2. Why fourth parties are more important than ever to understand and how to identify and review them 3. The importance of linking your TPRM programme to wider Risk and Compliance processes 4. Leveraging wider technology to increase the visibility of third and fourth parties during times of crisis
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