Thanks to globalization and rapidly developing technology, enterprise involves more connections than ever before, and more connections means more risk in the supply chain.
Supply chain risk extends past those suppliers with whom you’re doing business directly. Beyond your third-party suppliers are their suppliers, and the supply chain continues branching out from there.
Article Link: https://www.bitsight.com/blog/what-role-does-procurement-play-in-supply-chain-risk-management