Building Robust Supply Chains: Strategies for Resilience and Compliance

Elevating ethics, compliance and leadership in an evolving regulatory era

 

Managing supply chain risk is essential for any organisation. Recent high-profile disruptions, such as the CrowdStrike outage, underscore the many vulnerabilities in supply chains, especially when critical technology providers are involved. Failure to maintain efficient supply chains can have catastrophic consequences on operational efficiency. 

But supply chain risk is not just a threat to efficient operations. For many firms it is a growing regulatory requirement.

 

The EU’s Corporate Sustainability Due Diligence Directive and the UK’s Economic Crime Act demand proactive risk management. Regulators such as the FCA require organisations to ensure supply chain resilience and address risks related to corruption, employment practices and sustainability. Supply chain risk management is critical. And it’s getting harder.

 

So how can businesses ensure that their supply chains are compliant and resilient? Robust contingency plans and resilient operational systems to manage unexpected failures are needed; but these will not be sufficient. 

 

Management of supplier risk should involve strict onboarding processes, regular audits and monitoring for key risk indicators such as compliance with safety standards and environmental regulations. Supplier training is also important as a way of aligning third parties with ethical and regulatory standards and building a compliance driven structure. There are digital tools that can help automate real-time monitoring of compliance with regulatory and contractual obligations.

 

Managing supplier risk is a significant challenge to any organisation. But this is not just a process management issue. For the challenge to be met successfully, organisational leaders will need to play an active part in supporting their colleagues.

 

Join us to network with your peers and gain practical insights into strategies for managing supply chain risk and delivering resilience. This is an exclusive event and seat numbers are very limited, so apply for your place now.

 

The questions we will explore

 

During the meeting we will focus on topics such as:

 

• How can operational resilience be achieved in the face of supply chain disruptions? What lessons can be learned from recent incidents and how can companies prepare for supply chain shocks?
• How are companies conducting due diligence to identify risks posed by third-party suppliers? What are the best practices for achieving transparency in supply chain operations and how can digital technology such as AI and blockchain help?
• How are organsations managing compliance with regulatory frameworks? What strategies can help businesses stay ahead of regulatory requirements especially when operating across borders?
• What are the challenges in aligning suppliers with organisational values and compliance requirements? How can companies build a culture of integrity among their suppliers?
• What is the role of leadership in supply chain ethics? What steps can leaders take to prioritise ethics and compliance in supply chain strategies?

 

Who is invited?

 

This sponsored dinner event is designed for senior decision makers across private industry who wish to discuss supply chain risk and resilience. Delegates will be employed as compliance and legal decision makers with responsibility for supply chain in very large (7500+ employees) organisations across the private sector.

 

Be one of 12 senior compliance and legal professionals attending the event at the House of Lords in central London. For any enquiries, please contact Mergim on 020 8349 6458 or email m.begolli@business-reporter.co.uk.

The discussion over dinner is brought to you by LRN and is only for senior executives as mentioned above. Registrations of junior professionals, consultants, solution providers or other sellers to this market won’t be accepted. To be eligible you must be employed by a corporate legal entity such as a private company: if you are a sole trader or in a partnership other than a legally incorporated partnership, we will be unable to offer you a place.

 

This event is free of charge to attend.

 

When you register, we will ask you for your corporate email address which we will share only with the event sponsor(s). See our privacy policy.