If a company doesn’t know exactly what they are buying and about who they are buying it from, there is a good chance that their supply chain is riskier than they realize. The same lack of transparency creating that risk, also creates the conditions that allow forced labor and modern slavery to exist.
In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Justin Dillon. Justin is the Founder and CEO of FRDM AI, a solution that helps companies map their supply chain, isolate risks, and access risk mitigation tools. Justin first encountered the realities of modern slavery during his first career as a musician, progressing into documentaries on the subject, and finally getting more directly involved in solving the problem itself.
Highlights
Justin talks about the effort associated with identifying risks that could hurt a business or that could hurt the world at large:
- Why it is such a challenge for companies to get (and keep) visibility into their supply chains
- What he sees as replacing the supplier audits and questionnaires that procurement has always used to manage risk
- Why intelligence is more valuable and actionable than data
- Making a solid business case for mapping a supply chain, and why that is more effective that altruism
