Third-Party Risk Management Governance and Technology Investments: A Gartner® Trend Insight Report
Only 28% of organizations continuously monitor third parties throughout engagement cycles, and just 16% of organizations say they effectively manage third-party risks. Given the increased stakeholder oversight of Third-Party Risk Management (TPRM) initiatives, organizations are pushing for increased accountability for TPRM activities and are requiring a coordinated, consolidated view into TPRM.
Download this report to understand top insights and trends in TPRM, including:
- Why 58 percent of supply chain organizations have increased their technology budgets to manage critical supply chain risks
- How the push for improved environmental, social and governance (ESG) initiatives has created a renewed focus on TPRM
- Data on the expansion of the third-party network to include nth parties
*GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner, Third-Party Risk Management Governance and Technology Investments: A Gartner Trend Insight Report, Ipshita Soni, Koray Kose, Nicholas Sworek, February 10, 2022