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More than three quarters of governance, risk and compliance (GRC) professionals surveyed said there was a need to improve overall risk oversight in 2016. According to MetricStream’s global survey of 200 GRC professionals, which focused on the major challenges and trends affecting businesses such as geopolitical risks and cyber security, 76.2% of respondents cited risk...
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Supply chain disruption remains in the top 10 biggest perceived threats to businesses globally in 2016, according to an annual survey. Almost half (46%) of manufacturing businesses around the world polled by the Business Continuity Institute (BCI) said they feared supply chain disruption the most. In addition, 47% of firms across all sectors said increasing...
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One fifth of UK procurement professionals at business with over £36m annual turnover are not aware of their obligations under the Modern Slavery Act – and one in four purchasers and supply chain managers at UK businesses that are subject to the Act do not understand how to comply with its requirements. An equivalent proportion...
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The skills and experience of older workers in construction are being wasted according to a damning new report. The Chartered Institute of Building has released results on its latest survey   Exploring the impact of the ageing population on the workforce and built environment The research found that construction companies are missing a trick when...
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Almost one third of supply chain processes are inadequate, new research has revealed.
 A global cross-sector analysis of 1,000 assessments carried out by consultancy Crimson & Co showed 29 per cent of firms had poor supply chain processes. Crimson & Co defined poor processes as instances where few people in an organisation understood business processes,...
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Major contractors convicted of corporate manslaughter after site deaths could face fines of more than £20m. New sentencing guidelines were introduced this week, which could see firms with £50m+ turnovers hit with fines of up to £20m. The guidelines also state that firms with a much bigger turnover than £50m could be hit with even...
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Almost two thirds of buyers think their organisations are not managing their supply chain risk effectively. Responding to a mini-poll held during a webinar organised by Supply Management in association with business information publisher Bureau van Dijk, 63 per cent of listeners said they didn’t believe their organisations managed threats in the best way. Ted...
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Fifty per cent of the organisations quizzed in a global supply chain study have experienced a non-compliance issue from a supplier. A survey of more than 100 supplier compliance and governance professionals found organisations were increasingly being held responsible for the actions of their providers. And companies are stepping up efforts to manage compliance globally,...
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Suppliers and manufacturers should be partners to reduce the risks of an increasingly diverse and globalised supply chain, according to an expert. Global consulting firm Strategy&  said the recent recall of millions of automobiles due to defects with airbags from supplier Takata highlighted the issues that come with the reliance on an increasingly lean supply chain. Reid Wilk,...
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The building of a £1bn tidal lagoon in Swansea Bay has been given the go-ahead by the UK government. Tidal Lagoon Power (TLP) says it will now negotiate how much subsidy will be paid for the energy. That is still a big hurdle for TLP, which wants five other lagoons on the west UK coast...
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