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Supplier Risk Assessment

Thomson Reuters Partners with NGOs to Fight Human Trafficking

Powerful data analytics will enable companies to identify sources of labor in their supply chains and avoid risk of involvement in exploitation Thomson Reuters announced new partnerships with two of the world’s premier anti-slavery organizations to turn the power of data analytics onto corrupt labor brokers and people traffickers.  Companies and financial institutions can become unwitting participants in slavery due ... Read More »

Alibaba Enlists Dun & Bradstreet Credibility Corporation for Suppler Certification

Alibaba aims to draw in more U.S. businesses to its Alibaba.com portal, as buyers and sellers.  One strategy is to reduce the number of counterfeit goods, a major problem in China and a concern for companies considering sharing intellectual property such as technology and designs. To that end, Alibaba has enlisted Dun & Bradstreet Credibility Corp, among others, to beef ... Read More »

Supply Chain Risks: Lack of Full Visibility

Nearly a quarter of respondents to a survey claimed their organization had suffered losses of at least €1m ($1.25m) during the previous 12 months (up from 15 percent last year) as a result of supply chain disruptions, according to a report from the Business Continuity Institute. Slightly more than 13 percent suffered a one-time disruption that cost in excess of ... Read More »

Veda Acquires Kingsway Financial Assessments Pty. Ltd.

Veda announced the acquisition of financial risk assessment company, Kingsway Financial Assessments Pty Limited (Kingsway) increasing its scale and capability in procurement risk. Kingsway has been in business for over ten years providing independent financial assessment services to support better decision making and improve risk management for procurement professionals.  Kingsway helps its government and business customers to identify if companies ... Read More »

D&B Sweden in Partnership with Syncron

Bisnode subsidiary Dun & Bradstreet Sweden has signed a partnership agreement with Syncron, enabling secured business intelligence data based on the global ID system for company identification, built on DUNS®Numbers. By integrating D&B Insight with daily quality data for BI, Syncron customers get integrated access to the global ID-System built on DUNS®Numbers.  Giving Syncron users an advantage to daily secure ... Read More »

A Tipping Point for ‘Made in America’?

Could $1 billion save American manufacturing?  BIIA member Josh Green, Co-founder & CEO, Panjiva, asked  recently asked this question in ‘APPAREL’ The Obama administration has earmarked US$1bn amount in the 2014 budget to create the National Network for Manufacturing Innovation (NNMI), a system of 15 manufacturing innovation institutes across the U.S.  The political focus on manufacturing and, perhaps more important, ... Read More »

Australian Risk Climate: New Legislation a Game-Changer for Commercial Risk Management

New Comprehensive Reporting legislation will add significant value to the assessment of the commercial risk of small businesses”, says Veda’s General Manager – Commercial Risk Products, Moses Samaha.  Speaking at a recent Veda road show to more than 150 Trade Credit businesses, Samaha urged creditors to also assess the credit profile of the directors and proprietors behind a company or business ... Read More »

The Growing Business Imperative for Supplier Diversity

The Shifting Economic Power in the USA The Census Bureau estimates that minorities, both arriving from abroad and born in the United States, will account for nearly 90 percent of the total growth in the U.S. population from 1995 to 2050. $3 trillion is the number being reported as ‘Buying Power’ of African American, Hispanic American, and Asian American-owned businesses. ... Read More »

Supply Chain Management is 2013’s ‘Blind Spot’

Businesses must put more effort into pre-planning for business interruption going into 2013, says a new Zurich report naming supply-chain disruption as the top risk “blind spot” of the year.   The report surveyed 600 of Zurich’s global “risk engineers” that work to reduce insurance-related and other corporate losses. The results back up a Zurich and Business Continuity Institute (BCI) survey noting that ... Read More »

US Small Businesses Continue to be Stressed

“The world of the small business is getting tougher and tougher and the US has become a far less friendly place for the entrepreneur” The latest data from the National Federation of Small Business is not going to cheer those looking for some dramatic recovery in the economy in 2013.  It has long been an assumption that the small business ... Read More »

Global Sourcing: 7 Tips to Find a Great Overseas Supplier

You’ve developed a product. So how do you find a cost-effective and reliable supplier? Globalization means the world is your supply oyster–but how do you actually find the best supplier for your product? Here are some tips from Josh Green, the CEO of Panjiva, a global trade intelligence platform used by over 1 million people a month (and 40 Fortune ... Read More »

Panjiva Unveils Global Search

Search Engine’s Algorithm Intelligently Presents Information on More Than 35 Million Unique Products and 6 Million Companies Worldwide Panjiva, the B2B platform powering the business of global trade, today announced the availability of Global Search, a new search engine that is a one-stop resource for those engaged in global trade. Global Search crawls, indexes and organizes information from around the ... Read More »

China: Commercial Credit Information Company Raided by Police

The Beijing based Unicredit Investigation Consultant Company was raided on April 20th by police and all employees were arrested.  The reason for the sudden raid is somewhat vague and appears to involve the ‘exposure of confidential company information’. According to the company’s website Unicredit specializes in providing investigated credit reports and market research on Chinese companies. It claims to be ... Read More »

Long After the Floods Recede, Supply Chains Feel the Pain

Flooding in Thailand was just the latest event in a string of natural disasters, political turmoil and economic strife to batter any company making durable goods – especially those in the technology and automotive sectors. The picture is grim. In Thailand, more than 1,000 factories have boarded up their windows. But the devastation extends far beyond the factory walls – ... Read More »