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Avetta acquires Pegasus | Creates the largest global provider of supply chain risk and worker management solutions. Read More

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
 
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