Collusion, Creative Bribery & Subcontracting
What to Look Out For In Your China Supply Chain
From high profile tainted food scandals to adulterated construction materials causing buildings to collapse, supply chain risks in China continue to generate international headlines.
As reported time and time again, supply chain risk is realised when an uncertain or unpredictable event, affecting one or more of the parties within a supply chain, negatively impacts the achievement of business objectives. To manage and protect against these hazards, it is important that companies consider a structured and synergetic supply chain risk management process that seeks to optimise the totality of the supply chain strategy, taking into account the use of processes, human resources, technology and knowledge. The aim of supply chain management should be to control, monitor and evaluate supply chain risk, which will serve to safeguard continuity, maximise profitability and enhance enterprise value.