SAN FRANCISCO, Feb. 07, 2024 (GLOBE NEWSWIRE) — Aravo, the leading provider of third-party risk and resilience solutions, today announced ongoing momentum from consumer packaged goods (CPG) companies that are using Aravo to manage and mitigate third-party risks. Aravo for Third Party Management helps CPG firms and their extended enterprise meet sustainability goals, improve supply chain resiliency and create brand differentiation.
CPG organizations are increasingly turning to Aravo’s third-party risk management solution to help them navigate a challenging environment faced with inflation, supply chain disruptions, labor shortages, and geopolitical trends that are driving higher risk. Emerging third-party risks include:
- Sustainability Risk. Sustainability is becoming increasingly essential for competing in the global market due to consumers’ interest in a brand’s ESG practices. To differentiate their products, CPG brands want to show that they are meeting and exceeding consumer expectations. Contributing to this imperative is a high dependence on third parties to manufacture products in a sustainable way. CPG firms not only need to create a supplier code of…
