Coronavirus have you rethinking your Global Supply Chain?
Monday, March 23, 2020
As Chinese manufacturing hits a record low amid coronavirus disease concerns*, American companies are forced to look elsewhere for
product and component sourcing. In their quest for new sources, businesses have
many concerns when it comes to supplementing (or all-out replacing)
longstanding relationships with vetted suppliers.
The concerns these companies have when looking to
engage new suppliers range anywhere from Reputational Risk to Credit History to
Legal trouble – and although this task can seem daunting, here are a handful of
areas to check for red flags:
Political Affiliations/Government Connectivity
Actors” in the C-Suite/Shareholders
Checks in these areas, along with proper
documentation and Supplier Agreements, help companies across the globe feel
more confident when making the decision to engage a new intermediary in any
Over the past 25+ years, Kreller
has developed industry-specific investigative scopes with the sole purpose of
aiding in this decision-making process.
Through our network of local
investigators on the ground across the globe, Kreller has been conducting
enhanced due diligence investigations for firms from Energy to Aerospace to
Retail, and everywhere in between.