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Competing in an age of Al and rapid innovation requires organizations to think globally, act quickly, and exponentially increase reliance on an ecosystem of third parties. For this outsourcing strategy to yield maximum benefits to the business, risk pros must focus their attention on managing risk exposure from these third-party entities.

Forrester surveyed enterprise risk management (ERM) decision-makers in North America, Europe, and Asia Pacific across many industries to understand how third-party risk priorities, perceptions, and practices are changing in response to current trends. Use this report to understand these trends and modify third-party risk programs accordingly.

• Third-party risk is not keeping pace with business reality
• TPRM maturity doesn’t overcome challenges but does improve output
• Organizations that recognize third-party exposure make positive changes