By Sphera’s Editorial Team | May 22, 2023

We are proud to announce that Sphera [formerly riskmethods] was named a Representative Vendor in the May 2022 Gartner Market Guide for Supplier Risk Management Solutions. We believe this is a powerful step forward in our work toward building a safer, more sustainable and productive world. 

You can use a Market Guide to understand how the status of an emerging market aligns with your future plans. In addition, since Gartner has published over 100 Market Guide research notes, IT and strategic leaders and investors can gain a broad view of many markets, including mature and smaller markets, in an easy-to-read format. 

According to this report: 

  • “Technology is quickly becoming a requirement to enable risk management to avoid, absorb and recover from risk events as a competitive advantage.” 
  • “There are functional differences between technologies that evaluate risk based on historic patterns and date, monitor risks based on real-time data, and intelligently predict risk and help to mitigate risk.” 
  • “Supplier risk is best managed by complementing a sourcing suite with best-of-breed technology that integrates well and can tackle (un-)structured, fluid data in fast-paced and fragile environments.” 

Disclaimer: GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used here in with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.