Beyond the Gate: How We Transformed TPRM from a "Procurement Hurdle" to a Boardroom Win
In this blog, CXO Co-Founder Martin Bally discusses the transition of Third-Party Risk Management (TPRM) in the CPG sector from a static, "luck-based" procurement gate to a dynamic, data-driven orchestration model. He highlights how integrating tools from companies like OneTrust, DataBricks, and Black Kite allowed his team to gain real-time visibility and cross-functional alignment, ultimately transforming cybersecurity from a cost center into a strategic pillar of enterprise resilience.
In 2022, I joined a Consumer Packaged Goods (CPG) working group at the GRF Summit. We shared a common realization: our "gatekeeper" model of managing third party risk was failing. We were treating security as a one time hurdle by using stale surveys and static contracts that provided an illusion of control but zero real time visibility.
At the time, 55% of leaders admitted they avoided major incidents through "luck" rather than oversight. In the CPG world, where we manage everything from global logistics to small scale farmers, relying on luck is a liability.
Here is the "personal blueprint" of how we moved our team from luck to a standing ovation from the board in 2025.