SANTA FE, N.M., Oct. 02, 2018 (GLOBE NEWSWIRE) — The Shared Assessments Program, the trusted consortium for third party risk management (TPRM), highlights where the Consumer Packaged Goods (CPG) sector lags in third party risk management in “Consumer Packaged Goods Industry Call to Action,” the newest resource in Shared Assessments’ Building Best Practices series. The report includes a call to strengthen sector resilience, top-line CPG sector survey findings, and detailed actionable insights on solution building considerations for risk professionals to strengthen TPRM programs against third party risks.
Mike Jordan, CPG-VSG staff lead, Senior Director, The Santa Fe Group, notes: “Using standardized content speeds the entire risk assessment process up and lowers costs, but there are certain hurdles that need to be overcome when you’re dealing with large-scale companies. Outsourcers and Vendors need to speak the same language so they can easily and quickly share information from the specific services being offered. Creating a system that allows for easy sharing can only be achieved by working together to understand each other’s needs and difficulties.”
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