Risk is omnipresent and never solved 100%. But it can be accounted for and mitigated.
Effective, revenue saving risk mitigation strategies are focused on preventing disruptions to your business. They don't look backwards to review compliance. While inspecting supplier facilities is an example superb tactic to keep your suppliers honest, understanding the behavior of flow to and from those suppliers gives actionable insight into potential disruptions to your network.
Mitigating risk from your suppliers is impossible without starting at visibility. Starting with knowing where your upstream suppliers are located allows a digital supply chain to start understanding the risk behaviors around the physical location, giving you the insight needed to predict disruptions to operations before they happen.