Supply management professionals around the world benefit from risk mitigation resources .
TEMPE, Ariz. (Feb. 15, 2021) – Institute for Supply Management® (ISM®), the first and largest not-for-profit professional supply management organization worldwide and Resilinc, the world’s leading supply chain risk monitoring and mapping solution have partnered to provide ISM members with supply chain risk management (SCRM) resources including quarterly webinars and exclusive educational content on how to reduce supply chain risk.
“ISM has a strong partnership with Resilinc, which helps educate our members on managing increasingly risk-prone global supply chains,” said Derry. “Resilinc’s solutions align well with our mission, and their expertise in helping supply management professionals see deeper into their supply chains to more effectively reduce risk is a valuable benefit to our members, especially in challenging times like these.”
The Quarterly State of Risk webinars - offered exclusively for ISM members - feature ISM CEO, Thomas W. Derry and Resilinc CEO, Bindiya Vakil, as they engage in a discussion of risk and resilience within the supply chain. The webinars offer data-backed insights on supply chain risk as well as commentary on current events impacting the supply chain including: the pandemic, geopolitics, climate change, supply challenges, and labor shortages, among others.
ISM members also have access to a weekly EventWatch e-newsletter that breaks down all of the potential supply chain disruptions for the week across 45 categories including Factory Fires, Business Sales, Factory Disruptions, Labor Violations, and Supply Shortages. The offering leverages Resilinc’s EventWatchAI, a 24/7 global event monitoring service that contextualizes and analyzes more than 1.7 billion news feeds about potential and existing supply chain disruptions from approximately 4.7 million sources in 108 languages, including daily news, government regulatory reports, and social media.
Educational materials and insights concerning all areas of SCRM including supply chain risk monitoring, supply chain mapping, and supplier risk scoring are also offered exclusively for ISM members.
“Supply chain disruptions were up 88% last year. No supply chain is risk free, especially in today’s climate of supply and labor shortages, pandemic-related lockdowns, and extreme weather events,” said Vakil. “We’re pleased to partner with ISM to offer its members exclusive access to our data as well as insights into how to monitor for and offset supply chain risk.”