RSM’s supply chain risk management solution

Supply chain disruptions are happening daily all over the world. To prevent costly compliance mistakes and shortages caused by such disruptions, industrial manufacturers, consumer products brands and other organizations must become more proactive and elevate supply chain management.

At the same time, competition is intensifying, making strong supplier relationships crucial. Risks are soaring, but according to Zippia, only 6% of companies have full supply chain visibility. Given the current global and local supply chain challenges, enhanced visibility into vendor and supplier risks is essential.

Effective vendor selection is key. Organizations must modernize their supplier assessment processes and monitoring to keep pace with disruptions. By harnessing the power of technology to assess multiple risk categories across your supplier network, you can streamline onboarding and quickly identify potential issues with existing suppliers.

How RSM can help

RSM has formed a strategic business alliance with Equifax to provide a one-of-a-kind supplier risk Rapid Assessment^®. Our experience in supply chain, industry, and environmental, social and governance (ESG)—coupled with the Supplier Risk Solution™—offers a deeper understanding of your supply chain as well as insights for building resiliency. By leveraging technology to assess multiple types of risk within your supplier network, you can onboard new suppliers more effectively while simultaneously flagging changes in the risk profile of existing suppliers.

RSM’s Rapid Assessment of your supplier risk can help your team visualize what is possible with this new technology-enhanced supply chain solution. The assessment provides:

• Greater insight into your supply chain
• Analysis of your supply chain risk, including financial, cybersecurity, geopolitical and operational risks
• Identification of mitigation strategies that align with best practices and standards
• Development of a pathway to compliance
• Evaluation of ESG risks and the identification of opportunities that may enhance your company’s ESG position

Why Equifax?

In addition to providing consumer credit data and reporting, Equifax collects data on more than 88 million businesses worldwide. The cloud-based Supplier Risk Solution, powered by Interos and explainable AI, continuously maps and monitors more than 450 million companies and nearly 2 billion supplier-buyer relationships against multiple risk factors—including ESG, cybersecurity, financial, regulatory, geopolitical and catastrophic—to help identify potential vulnerabilities in the supply chain.

Why now?

Having greater visibility into the potential risks of your vendors and suppliers is no longer just a nice-to-have. Across the globe, businesses must comply with new laws and regulations regarding supply chains, including:

• United States sustainability reporting
• California sustainability reporting
• Guideline B-15: Climate Risk Management (Canada)
• Bill S-211: Modern Slavery Act (Canada)
• Bill C-59: Greenwashing (Canada)
• European Union sustainability reporting

RSM brings deep knowledge of supply chains, risk and compliance, technology, and ESG to create a comprehensive solution. In addition, our strategic business alliance with Equifax enables us to help you navigate the complexities of supply chains, delivering transparency to support not only regulatory requirements but also your operational, risk management and ESG goals.

With this perspective, our Supplier Risk Solution not only steers your company toward compliance but also taps into your organization’s potential for transformative growth.

Beyond compliance

ESG issues are increasingly important for customers, investors and employees, who demand higher business performance standards. Our approach offers your company an opportunity to transcend mere compliance and enhance your organization’s ESG performance.

Gain insights into your company’s broader sustainability issues, such as your carbon footprint, climate-related risks and opportunities, waste management policies, and more. Our consultants can guide your company toward alternative secondary or tertiary pathways for sourcing to mitigate against single-source supply chain disruption, whether due to geopolitical, climate or financial factors.

While the Equifax technology in and of itself does not support compliance with specific laws, our seasoned ESG consultants can facilitate the process using the output from the platform.

Starting your journey

Get a comprehensive understanding of your supply chain operations and protect against costly supply chain disruptions. Schedule an assessment to get started.