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Avetta has launched Business Risk! Click here

The Importance of Assessing Supplier Financial Stability and the consequences if 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.

This white paper will discuss:

  • Why assessing supplier financial stability is important
  • The consequences of failing to review suppliers
  • Tips to expose and evaluate financial stability
 
Upcoming Events
March 6-7
St Louis, MO
GDS Supply Chain Insight Summit
March 11-13
Las Vegas, NV
ProcureCon Indirect West 2024
March 12-14
Baltimore, MD
Booth #707
NFMT 2024
March 20-21
PASA ProcureTECH
March 26-27
Vancouver, BC
STAC 2024 Conference & Exhibition
April 9-11
Consero Procurement & Strategic Forum
April 29 - May 2
Banff, AB
Energy Safety Conference
April 30- May 1
Dallas, TX
2024 Generis American Supply Chain Summit
May 15-16
Rosemont, IL
Booth #403
NSC Spring Safety Conference & Expo