In today's economy, companies are facing heightened supply chain risk. A recent Ernst & Young LLP poll found that 67% of executives say their companies would experience adverse effects from the failure of any one of their top three suppliers.
This issue of InterChange Alert, titled "Supply chain risks reaching peak levels amid global financial crisis," notes that a sense of urgency is sometimes missing when companies are monitoring the financial health of their suppliers. Implementing a supplier-focused risk identification and management program is crucial for supply chain stability and this alert highlights three key areas for closer examination.
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