How Tariffs Could Increase Your Company's Supply Chain Risk

Your company’s supply chain is one of the many business functions vulnerable to fraud, particularly as foreign tariffs take effect. Dishonest employees and vendors are known to have taken advantage of the COVID-19 pandemic’s supply shortages and abrupt switch to remote working. Now, tariff disruptions provide a similar opportunity for fraud perpetrators. Many businesses are currently assessing their supply chains. Some are switching to domestic vendors while others are implementing policies to address the increased costs, customs delays and logistical challenges of importing goods. If your company is in this process, add fraud risk to the list of urgent issues you must address. Change equals risk Any change in how your business operates can create risk, especially if it occurs quickly and there’s some uncertainty about the timing...