The importance of
Assessing Supplier Financial Stability
...and the consequences when you don't
Suppliers are the lifeblood of many organizations. Regardless of what they are providing - a product, a service, or a combination of the two - companies depend on contractors and suppliers fulfilling their contracts.
While the symbiotic relationship between companies and their suppliers drives operations, that mutual reliance also introduces business risk.
In a MIT-PwC survey of 209 companies with a global footprint, more than 60% noted that disruptions within their supply chains had led to a 3% or more drop in the respondents’ financial performance.
Download this White Paper and you will learn:
- The benefits of assessing supplier financial stability.
- The consequences of failing to review suppliers.
- How large corporations have been put at risk due to financially unstable partners.
- What financial information is important to track on suppliers.
"By gathering key supplier financial information, you can minimize the threats introduced to your business."
Download
FREE White Paper here
