The need to secure new and increasingly complex supplier ecosystems in the digital age is rapidly rising up the agenda of CEOs around the world. Since the outbreak of the global pandemic, supply chain risk has risen to become one of the top four growth risks facing today’s organizations, as noted in the KPMG 2021 CEO Pulse Survey.
The pandemic has brought into stark relief the need for complex digitally enabled ecosystems that will reliably and securely meet ever-evolving customer and business demands. Organizations once concerned with merely managing third parties are now working in a vast new risk-charged world — managing fourth, fifth and even sixth parties. These parties include a mix of cloud and IT providers, partners and affiliates that define today’s modern extended enterprise.
Unlocking new ways to enhance supply chain capabilities and security in the digital era will likely spell the difference between success and failure. In The extended enterprise — securing the future, we examine today’s challenges and the emerging solutions that promise to help businesses implement modern supplier ecosystems that: reduce risk, build trust, improve privacy, drive ongoing innovation and manage compliance.
This article was originally published on kpmg.com.