Blog

Economic recession, broken supply chains, and the COVID-19 pandemic have made it difficult, if not impossible, for businesses to rely on what’s worked for them in the past to manage supply chain risk. To help ensure business continuity and growth, training professionals are scrambling to adjust safety and risk management strategies, conducting programs remotely and restructuring in-person sessions to adhere to new guidelines.

By relying on effective technology and expertise to ensure contractors and vendors are qualified and compliant with company and industry-specific policies, rental companies can better manage evolving risks to create stronger, safer businesses.

Effective vendor risk management is increasingly important as global supply chains become more complex and interconnected. Organizations must manage complicated networks of outside vendors, ensuring that occupational health and safety compliance is a top priority that extends throughout their entire supply chain.

Making an exception is often a reality when hiring a contractor. Despite intention to adhere to your company’s contractor safety program, highly-specialized, last-minute, or high-volume work demands can quickly leave you in a gray area—unable to find a contractor who meets your company’s safety prequalification requirements or has time to get up to speed with them.