COVID-19 time stunned those organizations who believed that their supplier risk and business continuity plans were cheat-proof. Having limited or no visibility beyond the primary supplier and depending on manual operations to identify and iron out any potential risks proved detrimental. Although organizations did find ways to receive their supply chains back up and running, but an organization can put together few more key points and consolidate into their master plan to hit supplier risk and cyber threats. • Assessment According to revealed stats, it has been noticed that 89% of companies experienced a supplier risk incidents in the last 5 years. Various types of risks viz. operational risks, Geo-political risks, monetary risks, legal and obedience risks, reputational and information security risks, etc. should be taken care of and shouldn’t limited to the primary supplier but takes into account the supplier’s supply chain accordingly. • Management Once the correct key point indicators are set, organizations can periodically review their suppliers’ performance score and can classify them based on their risk levels. If risk level run beyond the minimum gateway, then the concerned authorities could be asked to undertake mandatory Supplier Corrective Action Request programs. So that they will have a crystal clear image of the possible risk factors revealed above. • Monitor Keeping an eye for events and news across various parameters on a real-time basis is always the best option to use. Automated alerts, risk trends, observations, etc., can help businesses stay ahead of the curve. They can also be prepared for a black swan event like the pandemic. Having a healthy and mixed pool of suppliers, which can be classified according to their risk scores on a real-time basis, allows organizations take the right turns to avoid any adverse situation and acquire a competitive advantage over their peers.