Thought Leadership on TPRM Related to Procurement & Supply Chain

    Scanmarket has collaborated with thought leaders to produce a series of briefing notes about the quickly evolving third-party risk management (TPRM) landscape from a procurement and supply chain perspective. 

    Most recently, we heard from David Loseby who has over 30 years of experience at senior executive and director level positions that drive value and change through procurement, organizational transformation, and change management. His background spans a variety of roles with significant global experience and responsibilities in both private and public sectors, and he was the principal architect behind the behavioral science-led approach to adoption of a new digital platform.

    The following are summaries for what's to come from David Loseby: 

    Ukraine Russia Conflict

    Not a day goes by without more news about the ongoing conflict in the Ukraine, the ramifications of which will be felt across supply chains for months if not years to come. The impact will be direct and indirect relating to commodities and energy.  Russia and Ukraine account for 29% of all the world's wheat exports, and Germany relies on Russian gas to power its electricity and energy grid by around 50%. The pursuit of billionaires in the Navalny 35 continues with the French seizing €850 million in a single day this week. Coordinated sanctions by many world governments are changing the dynamics of supply chains globally. 

    Supply Chain Due Diligence Act (SCDD)

    The German Federal Council has enacted a new piece of legislation to focus on child labor, slavery, safety in the workplace, employment and wage discrimination, and environmental harm. The legislation consolidates the Minamata  Convention, Stockholm Convention, and the Basel Convention. Effective on January 1, 2023, German companies with more than 3,000 employees will be required to prevent or at least minimize human rights and environmental rights infringements in their supply chains. This threshold will be lowered to 1,000 employees as of 1 January 2024.

    New and Impending UK Legislation for P&SCM

    The diversity, breadth and depth of legislation pertaining to environmental, social and governance (ESG) is growing and placing greater obligations on entities to report more comprehensively. The days of folders and excel spreadsheets are truly over. This briefing note covers:

    • The amendments to the Modern Day Slavery Act (MDSA) effective June 2021

    • The Companies Act (2006, 2013,2021 revisions)

    • Environment Act 2021

    • Commentary on the consultations and updates to Public Procurement Regulations.

    Stay tuned into Scanmarket's blog and social media channels for more to come on these issues. A list of links to key resources will be available on the Scanmarket website soon.

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    Dan Gianfreda, Director of Customer Success
    Dan Gianfreda, Director of Customer Success
    Dan Gianfreda is Director of Customer Success, Europe. He has worked in the eSourcing market since 2011, and joined Scanmarket in 2016. He is responsible for running all aspects of the UK operation. Dan is very passionate about helping organizations transform their sourcing operations and maximize their sourcing results and believes that the most important support begins, rather than ends, at system implementation.

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