Wednesday 09 December 2015, 11:00am - 12:00pm
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While there are benefits, including cutting costs, profiting from the expertise of the third parties and improving productivity, there are serious issues and geographic risks to consider. You have turned over control of part of your business to a third party. If they aren’t properly managed they could negatively impact your supply chain, your brand, and your reputation. If there are areas of non-compliance with security, CSR or BCM regulations or if that entity becomes inefficient or unreliable, where does that leave you? If you don’t take a proactive approach to managing the risks of outsourcing, your company could be impacted in more ways than one.
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