Concerned your suppliers might not be prepared if a disaster strikes? Or that they may be doing something that could be considered unethical? This morning at ISM 2014 a new “Supplier Risk Index” was announced to enable companies to survey the risk, ethics and sustainability practices among their suppliers and their supplier’s suppliers.
The new index will help companies identify potential supply disruptions — including disasters, and ethics, compliance and sustainability issues — to keep their businesses running and protect their brands. The data can be used to address any weaknesses and implement risk mitigation strategies before anything happens.
ISM and The Ethisphere Institute partnered to develop the new index and will demo it on Wednesday, May 28, at 1 p.m. ET on Readytalk.com.