According to the previous report《There Is Only One Thing to Do to Start The ESG! Dun & Bradstreet Global Expert of ESG, Michelle Sun: CFV!》Michelle Sun, TW Market Leader of Dun & Bradstreet, offered suggestions for companies to take the first step of implementing ESG.
Since the outbreak of the epidemic in 2019, the COVID-19 has not only killed lives, but also damaged the economy. Now it is under control, corporations are preparing to raise up. However, the supply chain has already been damaged by the epidemic. How should enterprises promote the world? Today Michelle will share with readers of 《The Icons》 how to repair the supply chain.
Master 6 major risks to recover the interrupted supply chain
Due to the impact, the global supply chain has been tense, with losses from minor to severe, resulting in stressful broken chains that cannot be repaired; after the epidemic was brought under control, many companies began to rebuild and optimize, but before that, disrupted supply chains must be repaired.
Michelle indicated that interrupted supply chain data can be identified through company analysis, so do the specific types of risks.
“In the beginning of repairing the supply chain, companies may not know how to start. In fact, it is very simple. You only need to pay attention to six risk areas when purchasing: 1. The scale and complexity of globalization; 2. COVID-19 business resurrection; 3. Network security; 4. Supplier monitoring; 5. Due diligence for new suppliers; 6. ESG.”
Michelle indicated that monitoring certain data strikes enables the corporations to control the risks. The transformation of digital monitors enable the corporation to identify the risks, and cooperate with other data monitors to identify different levels of quality to gain complete information.
“Mastering these six risk areas will allow companies to not only repair their supply chains, but also avoid other damage like fraud or bad quality merchandise, and position them for a stronger future.”
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