Supply Chain Fraud - The importance of supplier due diligence during the COVID-19 pandemic

The need and criticality of supplier background checks during the COVID-19 pandemic

The pandemic continues to spread across countries. Many countries, including India implemented a nationwide ‘lockdown’ that is now being lifted in phases.

Various disruptions that businesses have faced in H1 2020 (due to the pandemic) are bound to bring radical shifts in global supply chains. Companies seeking to maintain or restore production and enter into new business lines to capitalise on COVID-19 related opportunities or even just pivot business models to survive, will need to work with new suppliers (due to the inability of existing suppliers to either meet demand or new products, services or technology required during production).

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