Part 1: Introduction to Supply Chain Financial Health

Welcome to a special five-part podcast series on innovative in managing third party risk. This week I am joined by James Gellert, the Chairman and Chief Executive Officer (CEO) of Rapid Ratings International, which is sponsor of this special series. Our conversation will be on helping companies manage their third-party supply chains through assessing financial health. The Rapid Rating approach is incredibly innovative, with both a series of products and services that should be considered by the compliance practitioner. In this Episode 1, we begin with a discussion of why managing your supply chain risk is so critical in today’s business environment. Highlights include:What is supply chain financial health?Managing supply chain risk is critical in today’s economy.If the suppliers that you’re embedding into your business aren’t resilient or strong for the long term, then you’re baking problems into your ecosystem.How can you work to extend the reach of compliance? By understanding the business imperative and business benefits behind third party risk management.