The COVID-19 pandemic showed many businesses that they relied on a more tenuous network of suppliers and partners than they expected. Organizations that had failed to look closely at their vendors and suppliers were taken by surprise when key suppliers suddenly couldn’t produce critical materials and components.
With this kind of interdependence, it’s imperative that you understand your financial health, and that of your suppliers, to help you appropriately assess the risks involved in each partnership. In this playbook from RapidRatings and Supply Chain Dive, we take a look at:
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