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15 June 2008 · Article

Taking charge of supplier risk

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In the 21st Century, global businesses find themselves faced with a new set of challenges and opportunities that few would have foreseen little more than a decade ago. Increasingly, companies’ customer and supply bases are more globally distributed and disperse. Regulatory requirements and accompanying pressures have increased 10-fold. Demands for improved diversity, environmental sustainability and alignment with corporate social responsibility goals have driven internal pressures. All these factors are contributing to increasing supplier risk — and a need to manage and mitigate that risk.

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MARK SEVERNS Emptoris

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