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Article
Rethinking Vendor Exit Strategies Before the Crisis Hits
Anne McGowan, Head of Supplier Management at Lloyds Banking Group, calls for a bold redefinition of vendor exit planning. Drawing on operational disruptions, regulatory expectations, and supplier ownership risks, she makes the case for embedded testing, real-time monitoring, and treating exit readiness as a core resilience strategy- not a checkbox.
Oct 04, 2025
Tags:
Vendor and Third Party Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Exit planning must prioritize outcomes and resilience, not process
- Business continuity and exit readiness must be treated as a continuum
- Vendor ownership and nth-party concentration risks are rising
- Real-time monitoring and internal analytics tools are vital
- Testing must be embedded into planning- not delayed
- Risk acceptance is no longer a viable fallback strategy
- Supplier managers must coordinate among many stakeholders
- Supplier exits must be prepared for, not just theorized
- Regulatory flexibility under SS2/21 demands proactive design
- Successful exit plans are measured when stress becomes reality
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