The journey to effective TPRM continues for the energy and natural resources sector
Third-party relationships have become a key source of competitiveness and growth in today's hypercompetitive business environment, making third-party risk management (TPRM) critical to success for energy and natural resources (ENR) organizations.
But as new research by KPMG International shows, these businesses are struggling with significant TPRM challenges that include insufficient skills and budgets, underperforming technology, evolving regulatory requirements and growing threats to business continuity. For most ENR businesses, as our findings illustrate, the journey to true TPRM maturity continues amid no shortage of challenges.
