Failure of suppliers’ businesses is the number one concern for manufacturers
May 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The failure of suppliers’ businesses is the number one concern for manufacturers when it comes to the resilience of their supply chains, ahead of reduced access to capital, protectionism fears and cost volatility, reflecting the sector’s heightened fear of corporate defaults. Nearly two-thirds (63%) of manufacturers surveyed say the collapse of suppliers would have an immediate impact on their business. This is one of the key findings of a new research report, Manufacturing confidence, from the Economist Intelligence Unit.