Part 4: What are the challenges for Supply Chain Risk Management in 2019?

We are on Episode IV of special five-part podcast series on an innovative approach to managing third party risk. This week I am joined by James Gellert, the Chairman and Chief Executive Officer 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 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 4, we discuss some of the challenges Gellert sees in 2019 and going forward. Some of the highlights include:You can’t manage risks that are unknown. It’s not just about being able to identify the risks. It’s being able to action the data that emerges, and linking all those through the business units of a company. There are increasing number of risks and complexity of business relationships.Changes in capital markets and rising interest rates with a complicated geopolitical backdrop make it difficult to gain full risk visibility.There is growing concern for protecting brand reputation.