The current Ebola outbreak in West Africa is the largest such epidemic in recorded history, with over 4,500 deaths attributed to the infection so far. In addition to the human toll, the current outbreak is having substantial negative impacts on supply chains within both affected and non-affected countries.
Maintaining an ethical supply chain is both more important, and more difficult, than ever for businesses. But there are solutions out there to help protect your reputation and your bottom line
Rx-360, a not-for-profit international consortium representing the world’s leading pharmaceutical and biotech organizations, is committed to protecting patient safety. Recognizing that the globalization of suppliers has added significant complexity to ensuring supplier quality and security of the supply chain, Rx-360 has developed the Joint Audit program to verify and validate supplier compliance, enhance supply chain integrity and improve quality.
In today’s social world, an incident involving human rights violations, conflict minerals, or child labor can destroy a brand overnight. To protect your supply chain and brand from making the headlines – for all the wrong reasons – you must have a robust supply chain risk management program in place to address social responsibility risk.
Where there is uncertainty, there is risk. To mitigate your exposure to global risks, you must first understand them and know where they lie within your operations. Not knowing who your suppliers are increases uncertainty, which leads to increased risk and unmanageable gaps within your supply chain. By implementing a robust risk management program, you will not only decrease your chance of experiencing disruptions but also increase your supply chain visibility, and supplier compliance to social responsibility requirements. To ensure your company is protected, know your suppliers and don’t assume they are doing what is necessary to protect your brand and reputation.