Schneider Electric has over 52,000 suppliers and sells hundreds of thousands of products of which 15,000 would be classified as intelligent products. To address risks stemming from third-party suppliers, and in recognition of the risks posed to customers, we have a holistic approach to value chain security, by implementing security controls at every level (R&D, Design, Manufacturing, Distribution, Staging, Commissioning and Operating). This approach is guided by policies and regulations, continuously evolving to improve our maturity. On the Third-party Cyber posture level, Schneider Electric partners across the industry to raise cybersecurity maturity, with the World Economic Forum (WEF), ISA Global Cybersecurity Alliance (ISAGCA), and Cyber Tech Accord. We specifically have a tiered third-party risk management program which evaluates suppliers through evidenced-based reviews of their secure development processes and cybersecurity posture. This segment is sponsored by VISO TRUST. Visit https://cisostoriespodcast.com/visotrust to learn more about them! Show Notes: https://cisostoriespodcast.com/csp-166