A month has gone by since the Ever Given—the 1,300-foot cargo ship that ran aground and blocked for nearly a week one of the busiest waterways in the world—was freed. But for many industries, the ripple effects will continue to batter global supply chains for weeks to come, absent having in place a sound supply chain risk management program.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...