Risk Mitigation

What is risk mitigation?

Supply chain risk mapping is the process of identifying and assessing potential risks in your supply chain. This includes evaluating risks related to environmental, social, and governance (ESG) factors, such as human rights violations, environmental disasters, and reputational damage.

Once the risks have been identified, mitigation strategies and improvement programs can be put in place to minimize the likelihood and impact of these risks.

Supply chain risk mapping and mitigation is a crucial aspect of managing ESG risks and ensuring long-term supply chain sustainability.

How can QIMA support?

Our ESG solutions are designed to help businesses across all industries manage environmental, social, and governance (ESG) risks in their supply chains. Here’s how we can help:

Onsite Supplier Audits:We offer a range of supplier audits, including environmental audits, ethical audits, structural audits, chemical audits, traceability audits, technical audits, and living wage audits. Our trained auditing teams are available globally to perform onsite assessments and interviews to help suppliers address non-conformities for continuous improvement. We also offer tailored supplier training programs to educate your suppliers on your specific requirements.

Supplier Training: We offer comprehensive training sessions that cover various topics, including mandatory supply chain due diligence, supply chain mapping, environmental best practices, social compliance and traceability. Our experienced trainers will work closely with your suppliers to ensure they understand and implement sustainable practices throughout their operations.

ESG Country Risk Dashboard: Our QIMA dashboards consolidate external factors and your own supply chain data on a single platform, providing you with a comprehensive view of your supply chain risks. Our dashboard includes ESG country risk factors such as CO2 emissions, child labor, and SGD index, as well as supply chain alerts such as epidemic outbreaks and natural disasters. Additionally, you can customize the dashboard to include your own data on worker’s voice programs and Self-Assessment Questionnaires (SAQs), helping you pinpoint and mitigate risk areas at a glance.

Worker Voice Programs: Our worker voice programs provide direct insights from the production floor, helping you gain a complete picture of your supplier’s work environment. By integrating worker voice surveys, businesses can get an additional layer of reporting and objectivity. Additionally, implementing worker hotlines and proactive callback services can provide a direct line for workers to share complaints directly with the auditor and end buyer.

Living Wage Gap Analysis: Ensuring a living wage for all workers is a growing need and a key factor in aligning with the UN Sustainable Development Goals. Our living wage gap analysis service helps you identify gaps in your supply chain and develop strategies to address them.

Environmental Testing: Achieve greater visibility into suppliers' environmental performance by carrying out environmental tests such as wastewater testing that address risks that contribute to pollution and human health. Our environmental testing service can help you identify areas fir improvement and develop strategies to mitigate environmental risks in your supply chain.

Environmental Due Diligence & Audits: We provide a thorough assessment of your suppliers' environmental performance and practices. Our experienced auditors conduct on-site audits to evaluate factors such as waste management, energy consumption, emissions control, and compliance with environmental regulations.

Identify and Mitigate Supply Chain Risks with AI: Stay one step ahead of potential disruptions with QIMA Signals, an online risk management tool powered by artificial intelligence and advanced analytics.

Contact us to learn more about how we can help your business manage ESG risks and achieve greater sustainability, including tracking and calculating your product's carbon footprint, across your supply chain.