Mastering Third-Party Risk

Third-party risks that are the result of relationships external to our organizations grow greater and more complex as the number of third parties we deal with grows and the complexity of our supply chains increases. In the ever-expanding and rapidly evolving global marketplace, supply chain management (SCM) has become increasingly critical for businesses of all sizes. SCM is a necessary lifeline for organizations that depend on external providers for their products, services, intellectual property, and integration of extended partner networks. As supply chains become increasingly complex, often spanning multiple countries, they become more vulnerable to geopolitical risks and logistical challenges. Unplanned events, such as natural disasters, supplier bankruptcies, trade disputes, and cyberattacks, can lead to significant operational disruptions and economic losses and have profound implications for a company's financial stability. This book provides a thorough treatment of third-party risk, whether you're dealing primarily with regional vendors or a complex global supply chain.