Outsourcing. Longer supply lines. New and stricter government regulations. All of these factors are forcing companies to get a better handle on their global trade management programs, says Alex Thompson, vice president of product strategy with TradeBeam.
The consequences can be enormous, even catastrophic, if a supplier fails. Jim Lawton, senior vice president and general manager of D&B Supply Management Solutions, says you must have a risk-assessment plan in place at all times.