|By Marketwired .||
|April 29, 2014 09:02 AM EDT||
SANTA CLARA, CA -- (Marketwired) -- 04/29/14 -- Resilinc Corp., the leading provider of supply chain resiliency solutions, today announced the immediate availability of SupplyIntel CSR Module to help companies interested in taking a proactive stand to protect against threats to their brand arising from inadequate management systems, controls and governance processes involving labor, ethics, and environmental compliance and sustainability.
Most companies have internal corporate policies regarding use of child labor or slave labor, bonded labor, sweat shops and working conditions, minimum pay and employee health, and environment friendly sustainable practices. However, recent examples have shown that companies need to address these issues not only within their own factories and businesses but also outside the four walls by including their direct and sub-tier suppliers.
Increasingly, companies are being held accountable for the conduct of their suppliers and vendors. Apple and its contract manufacturer, Flextronics, provide a recent example. When poor working conditions at Flextronics' factories became public knowledge, Apple received negative publicity which affected its brand. Prior to that, employee suicides at another contract manufacturer, Foxconn in China, also had a negative impact on Apple's brand.
Another notable example of brand damage resulted from the tragic fire at a garment factory in Bangladesh owned by Tazreen Fashions which killed 117 people, making it the deadliest factory fire in Bangladesh history. The Tazreen Fashions factory was found to be a sub-contractor to a supplier to Walmart. Walmart had previously terminated relationships with this factory due to repeated violations and marked it high risk. However, a Walmart supplier had sub-contracted work to Tazreen Fashions, unbeknownst to Walmart. Though Walmart had not sanctioned the use of this sub-contractor, the company was nonetheless held to be morally responsible for having this sub-contractor in its supply chain.
It should be noted that in this Walmart example it was a sub-contractor to a Tier 1 supplier that was in violation of Walmart's code of conduct -- a clear demonstration of why supply chain mapping is now a critical first step in understanding and mitigating brand risk.
In order to proactively protect their brand against these types of threats, companies need to first gain a better understanding of their global supply chain through supply chain mapping, which involves identifying the manufacturing locations worldwide that are used by their component suppliers, and then for each site gain a deeper understanding of their suppliers' practices regarding labor and workers' rights, as well as environmental and sustainable practices.
"Companies are finding their brands are vulnerable as the market holds brand owners accountable for the business practices of their suppliers. As is seen in California with the passing of the SB-657 legislation, this is on its way to becoming a compliance issue," said Bindiya Vakil, CEO of Resilinc. "Brand owners need a better way to identify which factories and sub-tier suppliers are used in their extended supply chain, in order to make sure these suppliers accept and comply with the company's code of conduct. The Resilinc CSR Module leverages the powerful multi-tier mapping capabilities of Resilinc's market-leading technology platform, and enables brand owners to proactively manage the risk to their brands."
Resilinc CSR Module for Brand Risk Protection
The Resilinc CSR Module is based on the EICC (Electronics Industry Citizenship Coalition) standard and covers the management systems and business practices and controls instituted by the suppliers that govern labor practices, employee health and safety, and environmental compliance and sustainability. It is offered in combination with the unique supply chain mapping capabilities of the Resilinc platform. Resilinc SupplyIntel enables companies to identify factories worldwide that are used in manufacturing their parts and raw materials as well as the ownership of the factories, whether owned or sub-contracted.
The Resilinc CSR module enables brand owners to survey suppliers at the supplier and site levels. Resilinc provides all the supplier onboarding, training and data collection services needed to make the CSR survey process a low resource impact undertaking for customers. Additionally, Resilinc's industry leading publish-once, share multiple times methodology enables suppliers to automatically share their business practices with many customers, thereby minimizing the effort required to provide the requisite information.
The Resilinc CSR solution also automatically generates scorecards at a site level and provides a quick heat map of the weakest areas where insufficient management systems and controls are prevalent. This allows the brand owners to quickly identify sites that might need to be audited, and suppliers who may need to be educated.
SupplyIntel Meets Today's Risk Management Challenges
Resilinc SupplyIntel is specifically designed to address multi-tier visibility issues experienced in major global industries, including high-tech and electronics, automotive, medical devices and the life sciences. Resilinc SupplyIntel provides these and other industries with the foundational supply chain mapping capability that is core to addressing the challenges associated with risk management, conflict minerals compliance, business continuity and social responsibility.
With the business-critical addition of CSR capabilities, Resilinc SupplyIntel now delivers a complete and scalable solution for the entire spectrum of risk management challenges. SupplyIntel's comprehensive capabilities include multi-tier mapping, event monitoring, and risk quantification and mitigation tools, together with a broad range of survey modules for business continuity mapping, conflict minerals, corporate social responsibility and supply chain security -- all on a single integrated platform.
Resilinc's model delivers benefits of the network effect as customers can quickly connect with many suppliers and adopt multiple capabilities at the lowest total cost of ownership, with the lowest resource impact and fastest time to value in the industry. Resilinc's clients also realize a growing ROI over time as more and more supplier data can be seamlessly and securely shared with multiple clients.
Resources and Links
- Click (http://www.resilinc.com/resilinc-regional-event-the-magic-pill-for-a-more-resilient-life-sciences-supply-chain/) to register for the upcoming June 26, 2014 Resilinc Regional Life Sciences event in New Jersey.
- Click (http://info.resilinc.com/high-tech-supply-chain-resiliency-whitepaper) to download the whitepaper "Resiliency - High Tech's Next Big Supply Chain Undertaking."
- Click (http://www.resilinc.com/products/eventwatch-signup/) to sign up for Resilinc EventWatch Professional, the leading global disruption event monitoring service.
Resilinc is the leading provider of supply chain resiliency solutions and delivers scalable enterprise solutions that enable supply chain professionals to gain visibility across multiple tiers of their complex, global supply chains. With a comprehensive offering that encompasses multi-tier supply chain mapping, single points of failure analytics, global disruption event monitoring and management, mitigation workflow, and part-level supply chain compliance programs such as conflict minerals, Resilinc has become the leader in comprehensive supply chain resiliency solutions. Resilinc helps customers achieve supply chain resiliency through innovative and patent-pending technology, an extensive resiliency-driven supply network, and a proven comprehensive enterprise scale solution that delivers strong value to both clients and supplier partners. For more information, visit www.resilinc.com.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 11, 2016 02:45 AM EST Reads: 1,797
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
Dec. 11, 2016 02:45 AM EST Reads: 895
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 11, 2016 02:30 AM EST Reads: 1,043
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 11, 2016 02:30 AM EST Reads: 1,286
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Dec. 11, 2016 02:00 AM EST Reads: 770
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 11, 2016 01:45 AM EST Reads: 740
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Dec. 11, 2016 01:45 AM EST Reads: 4,046
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 11, 2016 01:30 AM EST Reads: 1,742
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 11, 2016 01:15 AM EST Reads: 1,333
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Dec. 11, 2016 12:00 AM EST Reads: 1,129
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 11, 2016 12:00 AM EST Reads: 2,400
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Dec. 11, 2016 12:00 AM EST Reads: 938
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 11:15 PM EST Reads: 1,222
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 10, 2016 10:15 PM EST Reads: 2,075
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 09:15 PM EST Reads: 1,356