Consumer Goods

Third-Party Risk Management Solutions for the CPG Industry

Complex supply chains, vast third-party networks, and geographical reach expose consumer packaged goods (CPG) businesses to a broad range of third-party risks. Ensuring that all third parties and their subcontractors can withstand the scrutiny of international regulators is a challenging but necessary step for maintaining brand integrity and trust. Corruption, health and safety, environmental, product safety, and human rights violations of third (and fourth) parties have resulted in staggering regulatory fines and reputational damage for CPG companies that have engaged them.

Customer Success

With Aravo, a leading CPG company that is ranked in the top 20 of Interbrand’s Best Global Brands, was able to reduce the overall onboarding time for third parties by 60%. They reduced anti-bribery and corruption assessment cycle times by 70% and significantly improved their ability to provide third-party risk management reporting and to respond to audits. A multi-media integration provides training to high-risk suppliers in their ecosystem of 72,000 third parties without requiring an additional learning management system.