characterizing risk in your supply chain (ncontext - chicago summit)
TRANSCRIPT
Characterizing Risk in Your Supply Chain
March 2014 Open Analytics Summit
Chris & Tom- Can you scale/make this fit within the box or customize the blue to
cover the white above and below?
Disruption Factors
Case Study
General background of HT in Agriculture
In the US, Agriculture is the 7th most common labor
trafficking industry according to the Polaris Project.
Key Challenges
1. Supplier non-responses
2. High over-turn of small suppliers
3. Understanding Tier 1 Supplier landscape does not dive deep enough to capture overall risk.
4. Lack of information on Tier 2, Tier 3 suppliers, etc.
5. Initial supplier survey did not solicit enough quantitative data
Understanding Global Risk at a Country, State and
individual item level.
Risk Characterization of All Responses
● Identification of potential high risk vendors and areas to focus on for risk mitigation and further analysis
● Establishment of a methodology which can be used to process all future Vendor surveys
● Identification of enhancements to survey questions
Risk Characterization of All Responses
Statistical Distribution of Risk
Enhanced Risk Characterization
● Enhanced risk characterization going beyond Tier 1 resulting in more reliable information
● Establishment of a methodology which can be used to process all future & non-responsive Vendor surveys requiring less data from vendors
● Interactive map which could in the future be used by analysts and on web
Opportunities
1. Wealth of publicly available data to draw from (NGOs, Governmental and inter-governmental data)
2. Paid data subscription services can greatly enhance scope of data
3. Best practice in remediation available
4. Industry news subscriptions for sector
5. Social media monitoring and alerting