Risk Management blog

Did you know that risks are ever present in any supply chain?

These can range in concerns from Corporate Social Responsibility to Security to Business Continuity. Is your organization aware of these and have plans in place?

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May 25 2020

Prioritizing Issues and Reducing Risk >

Meeting compliance regulations is not always intuitive. A Prioritization of Issues (POI) assessment can help management teams determine what needs improvement and what is working well. Using POI services can also lend a fresh perspective to existing challenges and garner innovative solutions.

January 31 2020

Sustainability in Asia: The Daunting Complexities in Vietnam >

As supply chains spanning Asia evolve in the wake of the U.S.-China Trade War and sustainability challenges throughout the continent, as well as lingering instability and disruptions to business continuity in Hong Kong, retailers and brands are searching for alternative supply chain partners in nearby nations such as Vietnam.

July 31 2019

Risk Trends Impacting Agriculture and the Food Industry >

BSI Intelligence monitors food safety and food fraud issues globally alongside how security, business continuity, and corporate social responsibility threats threaten food supply chains. Recently in SCREEN, BSI has taken note of some emergent threats specific to agriculture and food supply chains that are also quite illustrative of why U.S. Customs and Border Protection added a new category of requirements surrounding agricultural security to the recent MSC revision.

July 12 2019

The Impact of Political Protests on Business Continuity >

Over the past months, waves of political protests have wracked Hong Kong. Ranging in size from millions of people surrounding the Legislative Council to tens of thousands of demonstrators marching through shopping areas and rail stations, these political protests disrupted business continuity within and through Hong Kong.

June 06 2019

CTPAT Minimum Security Criteria Revision – Part Three >

As part of our ongoing coverage of the CTPAT Minimum Security Criteria revision, the BSI intelligence team, partnered with BSI Senior Supply Chain Risk Consultant Mr. Tony Pelli, will be providing detailed reporting and analysis of the revision through a multi-part series in SCREEN. This blog post contains the third part in the series and covers the revisions to physical security, instruments of international traffic (also known as conveyance security), and seal security. For compilations of our previous analysis covering the new MSC categories and the reasons for the revisions, see "CTPAT MSC Revision - Part One" and “CTPAT MSC Revision – Part Two.”

May 24 2019

CTPAT Minimum Security Criteria Revision – Part Two >

This blog post contains the second part in the series and covers the new MSC category “Agricultural Security” as well as a discussion of the fundamental differences between the new and legacy MSC categories, the possible reasoning for instituting these new categories and for conducting the overall MSC revision, and how this revision will impact supply chains globally.

May 10 2019

CTPAT Minimum Security Criteria Revision >

BSI Senior Supply Chain Risk Consultant Tony Pelli, will be providing detailed reporting and analysis of the revision through a multi-part series in SCREEN. This blog post contains the first parts in the series and covers the new MSC categories “Security Vision and Responsibility” and “Cybersecurity.”

April 26 2019

Risk Factors for Labor Exploitation in Global Supply Chains >

The apparel industry faces numerous supply chain-related challenges, ranging from warding against cargo theft to vigilantly combating counterfeiting. However, few challenges are more salient than ensuring a supply chain devoid of labor exploitation. Corporate social responsibility is critical to any business’ reputation and brand.

April 12 2019

Theft and Counterfeiting: Global Threats to Pharmaceutical Supply Chains >

Thieves overwhelmingly strike the trucks moving pharmaceutical products globally, with the trucking modality targeted in almost three-fourths of thefts recorded by BSI. The techniques involved in stealing pharmaceuticals vary, but the most common tactic is stealing from trucks by surreptitiously or overtly accessing the payload, a method which accounts for nearly one-third of thefts, followed by hijacking and theft from a facility.

October 03 2017

Developing Skills to Support Bottom-up Ownership of Supply Chain Risk Pt. 2 >

In my last post, I stated that strengthening behavioral skills is a necessary area of focus for successful supply chain risk management practitioners. Without capable professionals at multiple levels of multiple organizations who have developed the skills to make informed and independent decisions, the overall network slows, often responding too late to stave off damage or to meet market demands.

September 18 2017

Developing Skills to Support Bottom-up Ownership of Supply Chain Risk Pt. 1 >

A core challenge in managing a secure and responsible supply chain is, and will always be, scalability. Any risk or challenge that an organization faces inherently becomes all the more weighty, fragmented and complex as it is multiplied by hundreds or thousands of supplier sites.

August 03 2017

Cargo insurance costs rise in Mexico, amid a deteriorating security environment >

2017 is shaping up to be a challenging year in Mexico. While global headlines have focused heavily on the knock on effects of Donald Trump’s election on his neighbors – the fluctuation of the peso, jittery investors in a climate of high uncertainty surrounding future trade relations – inside Mexico, divergent but significant security worries are keeping many up late into the night. In particular, recent news that a number of major insurers have pulled the plug on cargo insurance, has created concerns for a number of Clients.

September 12 2016

Understand Enterprise Risk to Build Resiliency >

Creating a baseline understanding of where risk exists in your global supply chain will allow you to prioritize which threats can cause the greatest disruption.

July 05 2016

The Challenge of Variability >

Variability inhibits companies from basing all of their day-to-day decisions squarely on valid and current data and intelligence.

June 21 2016

Introducing the BSI Supply Chain Blog >

Welcome to the new BSI Supply Chain Blog! We are excited to start sharing information, tips, guidance, hot topics, and advice with you.

September 19 2016

Following up on supplier performance: Who owns the corrective actions? >

Managing and driving improvement in the performance, quality and on-time delivery of a large supplier base is a significant challenge. As it relates to social and environmental practices, improving supplier performance may be even more challenging, in part due to potential ambiguity over roles and responsibilities related to the corrective action process, and a lack of understanding over the value gained.