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. [...]

Adapting sustainable procurement practices lets an organization to reach net zero goals and reap multiple advantages like lessening of reputational risks, higher customer devotion, long term cost-efficacy, and watertight procurement function. [...]

Robust Strategic procurement process ensures a timely supply of goods and services that an organization seeks to meet its key objectives. It carries proven actions aims at reducing the overall supplier base, negotiations, communications, and working to maintain abiding relationships with suppliers. It is relevant not only with globalization aspects but also on the sales side, it enhances constraints on the company’s prices and on the purchase side, it opens up new prospective. [...]

To make the Supply Chain transparent, usually online-verification codes are given to consumers but the effort required can inhibit widespread adoption. We all know that Supply chain transparency is a process in which companies get to know about the correct happening upstream in the supply chain and to communicate this useful knowledge both internally and externally. This process has become increasingly precious due to the more demands of consumers for the sake of safety. [...]

COVID-19 has created a remarkable impact upon the world of business, as supply networks for industrial processing and multinational manufacturing have been seriously affected. Maintenance, Repair and Operations (MRO) are strictly important for the seamless running of companies, any breakdown in the MRO supply chain can lead to massive operating costs due to interim suspension. But with the worldwide disruption, industries are striving to maintain as much conti-nuity as possible in their machine-parts and maintenance material supply. This is having an ex-ponential effect on the whole MRO supply chain.[...]

Digital level has emerged as the primary facet for consumers due to the onset of COVID-19 and the resulting enforcement of lockdowns across countries gave way to the emergence of online shopping in many industries. Digital revolution continues to reshape consumer lives, industries, and economies every day. Buying and selling of goods and services using the Internet, smartphones networks, and commerce infrastructure.[...]