The industrial landscape is shifting, and the companies that thrive will be those that learn to price risk rather than just avoid it. In this episode of the Risk Management Show, we explore why traditional vendor management is failing and how continuous assurance is the new standard for industrial leaders.

Our guest, Jowanza Joseph, founder and CEO of Parakeet, shares his journey from fintech to the industrial sector.

He explains how the intersection of technology and operations is fundamentally changing how we handle contractor and supply chain exposure. We discuss the move from static, annual reviews to a continuous model of risk underwriting that keeps organizations safe in a fast-moving world.

Key insights discussed in this episode:

🚀 The transition from procurement checkboxes to boardroom liability issues

🚀 Why concentration risk and skilled labor shortages are the biggest threats today

🚀 The role of captives and self-insurance in modern risk financing

🚀 How to move from a snapshot model to continuous governance

🚀 Common misconceptions about third-party risk management

🚀 The importance of underwriting infrastructure over simple dashboards

Chapters 0:00 Intro and the philosophy of calculated risk

2:15 Jowanza Joseph's background and the story of Parakeet

5:30 The changing landscape of industrial risk and technology

8:45 Top supply chain exposures: concentration and labor

12:10 Moving from snapshot reviews to continuous governance

15:20 Essential tools: Regtech, Fintech, and underwriting

18:05 Solving the contractor risk lifecycle problem

20:45 Final takeaways and the importance of pricing risk

22:05 wrap up

If you enjoyed this deep dive into industrial risk management, make sure to like this video and subscribe to our channel for more insights from global industry leaders. Let us know in the comments how your organization is evolving its third-party risk strategy!

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