Supplier diversity is a strategic asset for national and international trade. By leveraging supplier diversity you can even create some extra business growth.

I see a lot of business’s depend on one supplier or even more than one supplier. As soon as these suppliers stop delivering their product, the business will have huge problems, simply because they don’t have an alternative. Or back-up.

These suppliers will also create a problem when they raise their prices, which will impact the price of the product these business’s sell.

What about the product itself of this supplier. What will happen to your product when their quality becomes less or inferior?

Having a back-up, a second and maybe even a third supplier (Plan B) is always a good strategy.

You never know what happens in the future.

And you don’t have to pull your entire supply from one supplier. But you can start building a relationship with a second supplier with the same product.

And maybe, this new supplier can provide you with a product which has the same quality, but a better price.

Baudina

The Business Builder

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Like to know more…Follow the link to reach out and and have a chat.