Third party / Supply chain Risk

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Third party / Supply chain Risk

Integrated Supply Chain and Third-Party Risk Management

Managing complex supply chains and third-party relationships is more challenging than ever, especially with growing geopolitical uncertainties, regulatory requirements, and environmental risks. Semantic Visions’ data-driven approach offers a holistic solution to help you navigate these challenges and build resilient, transparent, and compliant supply chains.

Why Integrated Supply Chain and Third-Party Risk Management Matters

In today’s interconnected world, risks in supply chains can arise from unexpected disruptions at any level. Whether it’s a critical supplier facing financial trouble, a manufacturing partner involved in unethical practices, or logistical disruptions due to geopolitical tensions, it’s crucial to have a complete view of all potential risks. Third-party relationships and supply chains are highly interdependent, and failing to monitor these can lead to reputational, operational, and financial damage.

How Semantic Visions Can Help

Semantic Visions leverages advanced analytics and open-source data from global media to offer a deep understanding of supply chain risks and third-party vulnerabilities. By integrating data from multiple languages and sources, our platform helps organizations:

• Identify Critical Risk Points: Gain insight into suppliers’ and partners’ financial stability, operational health, and compliance issues. Our platform monitors global media to provide real-time alerts and trends, helping you spot red flags early on.
• N-Tier Visibility with Multi-Tier Supply Chain Mapping: Go beyond the first tier of suppliers and achieve transparency across your entire supply chain. Understanding risks at all levels helps mitigate disruptions before they affect your business. Learn more>
• Monitor Geopolitical and Environmental Impacts: Our solution provides detailed analysis of the geopolitical, environmental, and regulatory factors that impact your suppliers and regions. Semantic Visions’ tools help identify risks that could lead to disruptions or compliance breaches.
• Manage Reputational Risk: Through our adverse media screening capabilities, we continuously assess the reputational risks associated with partners and suppliers, ensuring you remain aware of any potential negative impacts on your brand.

Real-World Example: Multi-Tier Supply Chain Monitoring for H&M

In July 2024, civil unrest in Bangladesh caused significant disruptions in the apparel sector, affecting suppliers for major retailers like H&M. Semantic Visions identified this high-risk event in near real-time, flagging potential supply chain disruptions due to an internet blackout and transportation delays.

How Semantic Visions Responded:

• Real-Time Event Detection: The platform identified the civil unrest and flagged it as a high-risk event for the apparel sector, enabling early detection of potential disruptions.
• Supply Chain Mapping & Early Warning: By mapping out connections, Semantic Visions pinpointed affected suppliers, such as Pacific Jeans Limited and Shin Shin Apparels Limited, before the disruption was publicly associated with H&M. This allowed H&M and its partners to respond promptly, mitigating delays and operational impacts.

Risk Monitoring, Vendor Onboarding, and Industry Monitoring

Risk Monitoring

Identifying key client supply challenges, including institutional bans and other supply chain disruptions.

1. Early detection, alerting and trend analysis of supply chain challenges including:
   • production halts, labor issues and geo-political disruptions.
   • regulatory changes, ESG factors and related events.
   • man-made risks and natural disasters 
2. Identifying challenges in data security / privacy, cyber threats, and IT infrastructure risks across the technology landscape.
3. Evaluating and mitigating financial and operational disruption events across relevant entities.

Vendor Onboarding

Supporting clients by providing actionable data insights on the entire client network to allow faster onboarding processes.

• Identify and assess new clients, evaluating associated risks in their business relationships early in the onboarding process.
• Ensure the client is compliant with regulatory standards on national and international levels.
• Get an overall overview on the entire client network to allow faster onboarding.
• Address the reputation related risks associated with with the new onboarding client
• Streamline onboarding processes to reduce time, resources, and costs.

Industry Monitoring

Enhanced the decision-making process by evaluating the trends and impacts of regulatory, technological changes and industrial market conditions.

• Detect sector-wide disruptions and identify geopolitical issues.
• Monitor regulatory changes, market trends, and competitor actions.
• Find growth opportunities and partnerships within the industry landscape.
• Evaluate market area for improvement to enhance operational efficiency, including product development and expansion plans
• Monitor industry developments to manage reputation risks and maintain a positive brand image.

Actionable Insights for Better Decision-Making

Our advanced AI and analytics tools not only identify risks but also provide actionable insights to address them. From optimizing supplier selection to ensuring compliance, Semantic Visions empowers organizations to make data-driven decisions that improve resilience and efficiency.

• Customized Reporting: Receive reports tailored to your specific risk priorities, offering insights that are directly relevant to your industry and needs.
• Interactive Dashboards: Our easy-to-use dashboards allow you to visualize your supply chain and risk landscape, making it simpler to track, manage, and mitigate potential vulnerabilities.

Stay Compliant and Resilient with Real-Time Data

Compliance is an ever-evolving challenge, with regulations like the German Supply Chain Due Diligence Act (LkSG) and various EU directives placing increasing obligations on companies to understand and manage their supply chains. Semantic Visions provides the real-time data and historical insights needed to stay ahead of regulatory requirements and build resilient supply chains.

Interested in Learning More?

Discover how Semantic Visions can help transform your supply chain and third-party risk management processes.

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