COVID-19 has exposed brittle supply chains. When third parties are not included in supply chain resilience efforts companies leave themselves vulnerable to severe disruptions and other risks.
75%
of businesses reported experiencing a supply chain disruption related to the COVID-19 pandemic.
51%
Of organizations are not assessing the business continuity risk of their vendors.
62%
Of organizations are not assessing the financial viability of their third parties
52%
Of organizations are not assessing the operational risks of their third parties
Some organizations who do not have a physical supply chain assume they are immune to these risks. However, if they utilize a software vendor or other third party for any service, they have a digital supply chain that is vulnerable to cyber attacks, disruptions, and more.
