According to analysts, half of the companies fail to identify all their suppliers and associates, which represent high risks of corruption and fraud practices. Forty-seven percent of companies around the world lack a formal process to identify third-party intermediaries or high-risk associates or even do not know if they have them, according to KPMG.
Data from the consultancy refer that brands do not have to wait for incidents to occur in order to seek information. Make decisions that add value to the business and its ecosystems, so it is advisable to establish a comprehensive fraud prevention or corruption program. Continue reading “Steps to Track Brands to Avoid Supply Chain Fraud”