{"id":14696,"date":"2022-06-01T11:51:41","date_gmt":"2022-06-01T11:51:41","guid":{"rendered":"https:\/\/crigroup.com\/?p=14696"},"modified":"2024-01-22T09:59:31","modified_gmt":"2024-01-22T09:59:31","slug":"third-party-relationships","status":"publish","type":"post","link":"https:\/\/crigroup.com\/ar\/third-party-relationships\/","title":{"rendered":"Review and Reassess Your Organisation’s Third-Party Relationships"},"content":{"rendered":"

Is it the Time to Review and Reassess Your Third-Party Relationships?\u00a0<\/span><\/h2>\n

The global pandemic is rattling economies worldwide, disrupting supply chains, interrupting production, wreaking havoc on industry sectors and shuttering businesses; this impacts third-party relationships businesses have.\u00a0<\/span>At some point, organisations that affiliate with outside providers will eventually have to deal with any number of operational interruptions resulting from a third-party relationship-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.<\/span><\/p>\n

International Borders have been ripped down. Technology has improved the way businesses communicate. Easy access to data and information enables the media to report on business news before a business can respond. Consequently, the markets are quick to react based on this 24\/7 on-demand news cycle.\u00a0<\/span>The result of this increased liability can be highly problematic:<\/span><\/p>\n