This month's podcast is hosted by Dave Jones and Oliver Mountain. We welcome Jonathan Wood, CEO of cybersecurity consultancy C2 Cyber.

We break down some of the reasons why cybersecurity is becoming increasingly important, and what we as procurement professionals need to consider around this topic.

Jonathan breaks down some of the risks, and explains that often the risk comes from weaknesses within the supply base:

• B2B vs. B2C businesses - some well-documented examples are cyber breaches at Maersk, British Airways and Spar, where the attack each time came through a supplier.
• Managing professional service providers - personal data within professional services provider is potential weak link.
• How to deal with small, non-tech savvy businesses to ensure that you're protecting the potentially most vulnerable parts of your supply chain
• Geopolitical risk and how to manage this from a cyber risk perspective
• How diligent is the internal process when deciding who to source goods or services from?

Protcocast is a part of the Proctopus network.

Thank you to our sponsors at Contingent for their continued support!

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Our events and content are way more exciting and fun than the traditional conferences hosted by established industry bodies.

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Due to South Africa's complex history, they are somewhat ahead of the curve when it comes to diversity, equity and inclusion (DEI) legislation.

On this month's episode of ProctoCast, James interviews Chimae Goncalves, Co-Founder of Supply Chain Partner, a digital transformation consultancy based in Johannesburg.

We dive into how the Broad Based Black Economic Empowerment (BBBEE for short) legislation has affected many aspects of how South African businesses both hire their employees and source their goods and services from their domestic supply base.

It's a very intriguing discussion as it gives us a fantastic insight into what may be in store for European and North American businesses in the near future.

Chimae shares with us how the legislation has impacted small businesses such as theirs, as well as how it impacts larger enterprises. We look at how it has been successful, as well as acknowledging some of the challenges it brings.

We explore how BBBEE impacts both the hiring process and employee relations, as well as how it is embedded into the sourcing process when purchasing from or contracting with domestic South African suppliers.

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Connect with Chimae here

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Visit Supply Chain Partner's website here

We're on a mission to make the procurement community more engaged and our profession better understood.

Welcome to April's episode of ProctoCast, where we're digging into a very pertinent topic right now.

No, not inflation (that's a whole other episode right there, haha) but the increasing importance of having a proactive third party risk management strategy. Especially understanding who is behind a company's ownership structure in an era of sanctions and complex company ownership / shareholding structures.

ProctoCast is sponsored by third party risk management and supplier insight software startup Contingent.

Contingent, based in London, recently secured $8.2 million in funding to grow their platform. It's exciting to have their CEO, Tai Alegbe, as our guest on the show this month to talk about how their product can help to provide insights into some of Procurement's key challenges in today's environment.

At its heart, the platform seeks to provide proactive visibility of risks and the opportunities to develop relationships with suppliers to pre-empt any supply chain disruptions or potentially brand-damaging scandals.

Data and market intelligence is key to facilitating this. Internal data (and its quality) is a foundation for success, but there is also a huge amount of external intelligence to be tapped into that can augment and bolster a third party risk strategy.

With sanctions on Russia as a result of the invasion of Ukraine, as well as supply chain disruptions resulting from impact of the war on Ukrainian manufacturing businesses, buyers need to know whether their supply chains are impacted.

The tricky part of this is often identifying real ownership and control of certain companies. Specifically:

• Who the individuals are who control the business and wield the most influence, and whether they have political ties.
• A view of where companies are exposed based on their relationship to sanctioned entities

Tai walks us through Contingent's "Insights" tool and how it differentiates itself from other products on the market.

We then dig into how Procurement can support the relief efforts in Ukraine and help companies who are positively responding to the crisis.

Moving on from this, we touch on near-shoring and whether or not it's an effective strategy to combat rising logistics costs, strict lockdowns in China and wider geopolitical instability.

How can Procurement proactively prepare for risks that may be around the corner? While we can't predict everything, having a strong risk management framework is key to be able to establish how resilient your supply chain is.

Protcocast is a part of the Proctopus network.

Join our Proctopus LinkedIn Group here!

Sign up for the Proctopus Community Networking App here

Connect with Tai here

Connect with James here

Visit Contingent's website here

We're on a mission to make the procurement community more engaged and our profession better understood.

Our events and content are way more exciting and fun than the traditional conferences hosted by established industry bodies.

No jargon. No acronyms!