Supplier financial failure

Thursday, January 20th, 2011

We predict a large number of financial failures this year. The VAT increase will impact on consumer spending and also business in general. The MoD reductions in expenditure and Government attacks on expenditure will slow business down and threaten the margins achieved by manufacturing and service companies. Some will fail! You may consider what is done in your organisation to check the financial health of your strategic suppliers.

You may reflect on the fact that the above comments are pessimistic. We believe they are realistic. We will see. Please share your thought with us.