As the use of third-party suppliers grows, it is increasingly imperative to be diligent with vendor risk assessment practices. Vendors and other third-party suppliers are essential for keeping most organizations running smoothly. But these relationships [...]
ESG supply chain risks are changing how businesses operate. Prompted by customers, investors, and regulators, business managers need ways to identify and address environmental, social, and governance risks in their offerings, operations, and supply chains. [...]
As organizations become increasingly dependent on others for supplies, services, and expertise, more are asking what is third-party risk management – and how do we do it right? Outsourcing to third parties can save [...]
Geopolitical risk is the number-one global corporate risk. Political and civil tensions remain high across the world. The race between the U.S. and China for technological leadership is intensifying. Geopolitically motivated cyber events are increasing, [...]
In today’s digital and interconnected world, vendors and partners are more important than ever – and the vendor risk management software used to manage those relationships is critical. The consequences of not being on [...]
By Jim Wetekamp, CEO Riskonnect Manufacturers that shut down production last spring are struggling to ramp up as demand accelerates. The challenges are deep and pervasive. Suppliers are strapped for cash. There’s a shortage [...]
Organizations today are interconnected networks of third-party suppliers that include not just your direct vendors, but your vendors’ vendors and even their vendors’ vendors. If you aren’t careful, a problem with any of these [...]
Businesses everywhere leverage third parties to provide needed expertise or simply to get more done. While essential, outsourcing can also create vulnerabilities around data security, supply chain, compliance, financial viability, and more. Assessing and monitoring [...]
Challenge Stanley Steemer was offered the opportunity to significantly expand its service portfolio and add a new revenue stream – but that meant the company first had to significantly upgrade the way it managed [...]
No matter how well prepared your organization is to weather out the coronavirus crisis, your ultimate resilience depends on that of your underlying third parties. In a reality check, some 94% of Fortune 1000 [...]
Third party vendor risk can result in potentially hugely damaging incidents, but many businesses tend to focus on protecting their in-house systems and processes and can be less concerned about those they hand over to [...]
Vendors are critical to the success of most organizations – but they also pose considerable risk. The trick is to make sure your vendors have what they need to perform well without compromising your company [...]
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