SupplyChain Magazine May 2022 | Page 23

Q . CAN YOU HELP AVERT RISK ARISING FROM THE WAR IN UKRAINE ?

» A big part of what we do is help organisations improve transparency across third parties and the supply chain . This is key in situations such as what is going on in Ukraine right now . Most companies have a clear sense of where their tier one suppliers operate , but tiers two and three suppliers are virtually unknown . Our solution provides deep analytics that identify where risks and dependencies lie so organisations can make the best decisions possible . Companies that had a large supplier presence in Ukraine , for example , would have been better prepared to optimise their supply base and select new suppliers , to ensure continuity when the crisis hit .

Q . CAN YOU HELP GAUGE THE RISK OF SCOPE 3 EMISSIONS ?

» Gauging the risk of Scope 3 emissions comes back to supply chain transparency and understanding the multiple supplier tiers deep in a supply chain . Our platform gives businesses the functionality to look at their supply base , identify the amount of energy that is going into a facility , and calculate an emissions intensity .

Q . HOW DO YOU HELP BUSINESSES MANAGE ESG COMPLIANCE ?

» The Riskonnect platform helps companies manage all elements of ESG . Many organisations have started pushing for greater supplier diversity and have increased spending with third-party businesses owned by marginalised groups . supplychaindigital . com 23