What you don't know about your supply chain can hurt you
Are financial crimes being committed within your operations? Is forced labour at work in your supply chain? And do any of the companies you work with have business models that damage the environment? These are not trivial questions. If organisations cannot correctly answer all of the above, they are taking risks that could prove costly – both financially and reputationally.
There is evidence that too many companies – and too many procurement functions – are implicitly accepting such risks as business as usual. The startling findings of a recent survey by Refinitiv, a company which provides information, insights and technology to drive innovation and improve performance in the world’s financial markets, certainly suggests this is the case.
Read this CIPS Download report, produced in partnership with Refinitiv, to discover why what you don't know can hurt you.To download please sign in.