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Tuesday, January 31, 2023

Can you trust your suppliers after a lousy 2021? | Bloomberg

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For everyone, including the manufacturing industry, 2021 has been a roller coaster ride. The supply and demand mismatch of physical products has become a major concern that the world has had to cope with. Because of all that has transpired, trust has become a problem.

The responsibility to receive and deliver items, components, and payments is weakened without it. Businesses are crippled by confusion, which raises expenses and reduces production and efficiency. One method to relieve the tensions, according to experts, is to encourage executives to become more active in supplier relationships.

Source: https://www.bloomberg.com/opinion/articles/2021-12-19/supply-chain-snarls-will-continue-as-long-as-manufacturers-suppliers-lack-trust

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