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Third-party suppliers can jeopardize your small business

from MultiView

One of the less-glamorous aspects of contemporary business is the essential role played by third-party suppliers. Their increasing use allows businesses to rapidly scale up to meet increased product demand. Often, they can supply parts or processes for far less than it would cost a company to produce them in-house. But what is becoming increasingly understood is that these third-party suppliers can also threaten your business — that they present several different kinds of third-party supply risk. more

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