Against a backdrop of continual manufacturing supply chain constraints, worker shortages, and cybersecurity threats, managing third-party and vendor risk has become increasingly important for the manufacturing industry. As the world seeks to move past the chaos of the pandemic, businesses are seeking to bolster their resilience against future shocks by investing in digital transformation measures. […]

Executive Summary Since early 2020, manufacturing supply chains have seen unprecedented global disruption, leading to tighter margins for suppliers and increased pressure from regulators to manage supply risks. Even prior to COVID-19 and its continuing knock-on effects, doing business with third parties had become an increasing business and supply chain risk for global manufacturing. A […]

The benefits of outsourcing business functions to third parties are undeniable, such as lower operational costs, enhanced supply chain stability, and smoother entry into new markets. But relationships with third-party vendors, contract manufacturers, traditional suppliers, agents, distributors, technology providers, and more are inherently risky. As the third-party networks that companies rely on grow larger and […]