Third-party risk management (TPRM) has become more important than ever for today's retail businesses. As new research by KPMG International reveals, however, the retail industry is struggling with major TPRM issues that include ongoing supply chain disruption, insufficient skills and budgets, underperforming technology and soaring cyber threats.

In today's hypercompetitive global environment and the growing complexity of supplier networks, retail businesses are facing no shortage of challenges on the journey to TPRM maturity, according to our findings in KPMG's Third-Party Risk Management Outlook 2022 report.

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