How Does High Inflation Affect for Third Party Risk Management?

With high inflation putting pressure on businesses and suppliers, Third-Party Risk Management (TPRM) has become a strategic priority for companies worldwide. In this whitepaper, we explore the challenges inflation poses to TPRM and how leveraging real-time insights with Natural Language Processing (NLP) can help firms better manage supply chain risks. In this whitepaper, we discuss:
  • How inflation is intensifying supply chain risks and pushing firms to rethink their Third-Party Risk Management strategies.
  • The challenges of relying on outdated credit risk scores in fast-changing environments.
  • How Owlin’s NLP technology provides real-time monitoring of supply chain risks through dynamic news analysis.
  • The benefits of proactive “nowcasting” are to identify emerging risks and protect business continuity.

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