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Chris Syndic
Senior Director of Third-Party Risk and Due Diligence at Blue Umbrella. Works with the team to help clients meet their needs in terms of research, due diligence, and software.
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May 20, 2025
• 13min
How Tariffs Could Impact Third Party Risks and Due Diligence
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Chris Syndic, Senior Director at Blue Umbrella, sheds light on how fluctuations in tariffs affect third-party risk management. He discusses the challenges businesses face and emphasizes the need for robust risk management frameworks. The conversation highlights the trend of companies revisiting former suppliers in China to mitigate supply chain disruptions. Additionally, Sydnic shares insights on the importance of thorough due diligence in supplier evaluation and the complexities of switching vendors in new markets, stressing careful assessments to avoid risks.
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