One large manufacturing business in fourteen is substantially reliant on high-risk suppliers, illustrating the fragility of many companies’ supply chains.
The findings come in research of 200 UK companies, including some of the UK’s largest corporations, commissioned by international procurement services provider Achilles. It finds that 7% of manufacturing businesses interviewed believe that more than half of their suppliers are ‘high risk’ – defined as suppliers whose ‘financial failure, failure to deliver or failure to comply with relevant legislation or regulation would cause significant financial cost and/or reputational damage’ to the buyer.
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