Among the biggest risks of outsourcing is ensuring that your supplier delivers according to your requirements. Overseas trading companies can disappear overnight, or after signing a contract with one factory, your goods may end up being produced by an unknown subcontractor. Fortunately, supplier audits can help to mitigate many of these problems. This week, Smart China Sourcing spoke with Mike Bellamy from PassageMaker about the benefits of supplier audits in reducing risk in your global supply chain.
(Source: Smart China Sourcing)