"Supply chain due diligence refers to the processes and practices that companies implement to identify, assess, and mitigate risks within their supply chains. It is a strategic priority for managing vulnerabilities that can arise from various factors such as geopolitical tensions, natural disasters, and regulatory changes. According to the 2024 Global Trade Report, 74% of survey respondents reported that their businesses were impacted by supply chain due diligence. This underscores the significance of due diligence in ensuring the smooth operation of global trade activities."

Link: https://tax.thomsonreuters.com/blog/the-critical-role-of-esg-and-due-diligence-in-building-a-sustainable-supply-chain-tri/