Federal News Network: When it comes to supply chain risks, agencies need to know when to hold ‘em, know when to fold ‘em

“This advice for card playing applies today just as well to federal technology and managing their supply chain risks. The more agencies learn about the products and services they are buying, the more they will know when to hold ’em and when to fold ’em.

‘The last year and a half educated the world that every company and every country needs to care about their extended supply chain. So when we think about physical and digital IT, an effort to make a router is a physical supply chain, and at the same time, it’s digital because there is information that passes through it,’ said Jennifer Bisceglie, founder and CEO of Interos, an artificial intelligence-based third-party risk management company. ‘If you look at the executive order coming out of the White House, I’m looking at my relationship with China, so larger trade concerns. You have concentration risk based on the lack of raw materials. And then you also have the software supply chain bill of materials that they want to get ahead of which is more of a digital supply chain.’…”

“Bisceglie said the [Federal Acquisition Security Council (FASC)] and other efforts, including a new cyber supply chain risk management (C-SCRM) strategic plan from the General Services Administration are part of how the government is building its supply chain risk management muscles…”

“’While the primary audience of the plan is directed to GSA’s internal operations, GSA has cast a wider net to socialize the plan. We have begun to communicate to both internal and external stakeholders’ efforts outlined by the GSA C-SCRM plan,’ the official said. ‘While GSA is not formally seeking feedback at this time, we recognize this is a highly evolving area, and will revise the plan as needed.’…” Read the full article here.

Source: When it comes to supply chain risks, agencies need to know when to hold ‘em, know when to fold ‘em – By Jason Miller, October 18, 2021. Federal News Network.

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