Ask the Expert - 2015 Benchmarks for Managing Global Vendor Risk

Sell-side and buy-side professionals often ask what kinds of vendor risk are "normal" (i.e., expected) in global supply chains today. The answer affects many aspects of the supplier relationship, including: termination-for-cause; indemnification; insurance; and vendor due diligence standards.\r
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Briefcase has screened millions of vendors against 700+ risk databases collected from countries and sources located all over the world. Briefcase has determined what percentage of vendors in a typical global supply chain have had past known major events in 10 different risk areas - including Fraud, Bribery, Major Product Failure, and Bankruptcy. [Spoiler Alert: Fraud is more than 3x as prevalent as Bankruptcy or Major Product Failure.] These benchmarks can be used to evaluate risk levels in your own supply chain, and set reasonable expectations for vendor risk management and due diligence.