Certainty Blog

Uncovering Hidden Risks in Your Supply Chain: The Importance of Supply Chain Due Diligence

Supply Chain Due Diligence is a critical process that companies must undertake to ensure that their sourcing, procurement, and supplier management practices align with responsible business standards and regulations. With the increasing focus on environmental, social, and governance (ESG) issues, the practice has become a vital aspect of risk management for companies of all sizes. […]

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What is Supply Chain Sustainability and How to Manage it?

As consumers become more conscious of the impact their choices have on the environment and society, businesses are increasingly being held accountable for the sustainability of their global supply chain. With companies allocating upwards of 80% of their budget to procurement, supply chain sustainability has become a crucial aspect of corporate social responsibility. […]

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What is a Supplier Risk Assessment – Why it’s Important

The general purpose of a supplier risk assessment is to ensure that a business is working with reliable and trustworthy suppliers. This is important because a company’s suppliers play a critical role in its overall operations, as they provide the raw materials, components, and services that are necessary to produce and deliver products and services to customers. […]

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5 Challenges When Switching From Paper-based Inspections to Digital Inspections

Table of contents If you are a business that relies on paper-based inspections, you are likely familiar with the challenges that come with this type of system. Paper-based inspections can be cumbersome and inefficient, from time-consuming data entry to the difficulty of tracking and storing inspection data. Fortunately, there is a better way. Digital inspections […]

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On-site vs Remote Audits: Their Advantages and Disadvantages

The Covid-19 pandemic quickly pushed businesses to remote work and to digitize previously manual processes. The same was said for the business’s external and internal auditing processes. As health and safety risks of the global pandemic increased, the traditional way of auditing primarily on-site needed adjusting towards remote auditing. This is only magnified for businesses involved in a globalized supply chain that regularly audits their suppliers. […]

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10 Supplier Management Best Practices

The supply chain management landscape has changed significantly over the past two years. As noted by Supply Chain 24/7, 84% of enterprise CFOs now see supply chain disruptions as moderate or severe risks. And even if suppliers don’t experience shortages or work stoppages, getting goods where they’re going is more expensive.

Transportation costs may increase by 600% compared to pre-pandemic levels. This increase is dependent on the origin and destination of goods, as well as the mode of transportation used.

The result? Supplier diversification. Companies, large and small, now understand the danger of relying on one supplier and have started using multiple suppliers. With more suppliers, however, comes more complexity, in turn creating a need for more robust supplier management. […]

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Managing Human Rights and Environmental Impacts in Supply Chains: The Proposed EC Directive on Corporate Sustainability Due Diligence and What it Means for Businesses with Global Supply Chains

What is the EC Draft Directive on Corporate Sustainability Due Diligence? Proposed by the European Commission in February 2022, the EC Directive on Corporate Sustainability Due Diligence aims to force global brands to play a key role in building a “just and sustainable economy” through their compliance with rules that enforce the “respect of human […]

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What is a SMETA Audit and Why You Need One

Social responsibility and sustainability are now critical components of business success. But in order to effectively deploy and integrate environmental, social, and governance (ESG) frameworks, companies need to know what’s working, what isn’t, and what needs to change across current operations. A SMETA audit can help. What is a SMETA Audit? SMETA stands for the […]

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Certainty and DNV Webinar: The importance of supplier due diligence, quality assurance, and compliance management

Recently, we had the opportunity of sitting down with DNV to discuss the growing global supply chain challenges in today’s business environment. Also, our expert panelists Florian Mueller, Global Product & Business Development Director at DNV, Joy Laing, Global Director of Supply Chain Management Services at DNV, and Neil Marshall, Senior Advisor at DNV discussed […]

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The Supplier Compliance Audit: What it is (and Why You Need One)

Supply chain issues aren’t going anywhere. According to research firm McKinsey, 2022 comes with three key concerns: Labor shortages, equipment availability, and the “ripple effect” of continuing global bottlenecks. For organizations, this landscape creates a dual challenge. Not only do they need to ensure the reliability and stability of supply chains but must also take […]

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Supply Chain Vulnerability Assessment

What is a Supply Chain Vulnerability Assessment?

The complexity of managing global supply chains has significantly escalated over the past ten years, a situation further exacerbated by the Pandemic. According to the Institute for Supply Management, the Backlog of Orders Index for the manufacturing sector reached an unprecedented 71% in May 2021. This surge is primarily attributed to extended lead times and […]

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Understanding Social Compliance And Self-Audits

Businesses that have a sense of purpose – that is, they are motivated to provide value for all stakeholders and to improve the local and global society – tend to be more successful, generating more revenue. According to a survey, 58% of businesses that prioritize operating with purpose witnessed a 10% revenue increase in three years. Social […]

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