This question is based on the closing case study of chapter $2$ in the prescribed, $8^{th}$ edition. In the context of purchasing and supply during the Covid pandemic, which one of the following statements accurately reflects the impact of technology on managing purchasing and supply risks?

Technology has increased purchasing and supply risks by introducing more complex systems that are harder to manage.

Technology has reduced purchasing and supply risks by providing tools for better tracking of supplier performance and compliance, and by automating risk assessment processes.

Technology has no significant impact on purchasing and supply risk management, as traditional methods are still more effective.