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  "documentTitle": "Third-party governance and risk management The threats are real",
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      "text": "Third-party ecosystem\nThe emerging strategic perspective, together with the severity of consequences of third-party related incidents, is compelling organizations to swiftly “catch up” in upgrading the maturity of their TPGRM processes – to create, as well as to protect, organizational value.\n\nThe results of the survey demonstrate how a renewed set of drivers, which are directly aligned to long-term value-creation (such as business agility, access to specialized skills and knowledge, innovation, process-improvement and other sources of sustainable competitive advantage), are now motivating organizations to rapidly enhance the management of risks within their global third-party ecosystems. The desire to achieve short-term cost savings remains an important consideration, but is diminished in relative importance.",
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