|(Image credit: Getty Images via @daylife)|
This is a great example that much work remains in the supply risk management field even after the volume of headline grabbing recalls in the press has declined. In order to create the safest and strongest supply chains, retailers and consumer goods companies are ratcheting up their efforts. They had to - consumers were demanding it (and regulators weren’t far behind).
As you know, we feel strongly that increased testing is only part of the solution. In addition, companies need to accelerate efforts to:
- Set the right expectations with current and potential vendors
- Hold them accountable when mistakes are made
- And most importantly, get better visibility into what’s going on inside of their supply chains