Dealing with Suppliers in Crisis

In many industries, the supply chain can involve multiple suppliers and jurisdictions. In the current economic climate, it is not unusual for a supplier within the supply chain to encounter financial distress or even to enter into formal insolvency proceedings. This can have a significant impact on a company if its business depends on a distressed supplier and an alternative or additional supplier cannot be found (and production cannot be brought in house) or an alternative sourcing is not possible for other reasons.

In the following bilingual White Paper, we highlight various ways to address situations where a supplier encounters financial distress, in order to minimize the aforementioned risks.