{"id":1225,"date":"2022-01-25T05:03:56","date_gmt":"2022-01-25T05:03:56","guid":{"rendered":"https:\/\/crigroup.com\/?p=1225"},"modified":"2024-01-22T12:59:42","modified_gmt":"2024-01-22T12:59:42","slug":"third-party-partners","status":"publish","type":"post","link":"https:\/\/crigroup.com\/ar\/third-party-partners\/","title":{"rendered":"The Global Business Climate is Changing.\u00a0So Are Your Third-Party Partners"},"content":{"rendered":"

The current business climate requires a review and reassessment of your organization’s third-party relationships. The global pandemic is rattling economies worldwide, disrupting supply chains, interrupting production, wreaking havoc on industry sectors and shuttering businesses.<\/span><\/p>\n

It’s highly probable that, at some point, organizations that affiliate with outside providers will eventually have to deal with any number of operational interruptions resulting from a third-party related issue. And while the risks involved in partnering with outsiders haven’t changed over time, the potential level of liability has been ratcheted up several notches.\u00a0\u00a0<\/span><\/p>\n

International Borders have been ripped down. Technology has improved the way businesses communicate.\u00a0<\/span>Easy access to data and information enables the media to report on business news before a business can adequately respond. Consequently, the markets quickly react based on this 24\/7 on-demand news cycle.<\/span><\/p>\n

The result of this increased liability can be highly problematic:<\/span><\/p>\n