In business, actions with the greatest payoff can sometimes be risky. This certainly applies to outsourcing software development, AI projects or IT support to third parties. While it can help you get your digital transformation projects off the ground, accelerate timelines and provide you with the scarce tech talent while reducing the cost of full-time internal employees, there will always be a level of risk associated with it.
Third-Party Risk Management
Supply chain professionals have gone from working behind-the-scenes to being in one of the most talked about industries of 2021. With limited labor, increasing disruption and surging production and shipping costs causing shortages around the globe, exploring a career in sourcing and procurement has taken on new meaning as the field becomes more critical and complex than ever before.
Enterprise risk has never been a higher priority for businesses, executives and procurement practitioners than right now in light of the COVID-19 crisis. The coronavirus disruption has only accelerated many enterprise risks — from cyberthreats, employee health and safety, and most certainly, to supply risks affecting suppliers in complex value chains.