Firms must be cautious of placing additional financial pressure on suppliers as they look to keep business moving during coronavirus disruption, a conference was told.
Shifting business to suppliers not impacted by coronavirus could lead those suppliers to take on more work than they can fulfil, putting them at risk of collapsing, Nick Hood, business risk analyst at Company Watch warned delegates at the eWorld procurement and supply conference.
The outbreak of the virus has morphed from what seemed like a medical issue in China to a major issue impacting businesses and supply chains around the world, he said…
