The tariff wars can be credited for having achieved one thing: making strategic and seamless supply chain management a priority in the boardroom once again.
As global trade evolves further and newer tariffs come to the fore, procurement teams need to be mindful that complacency comes at high costs. Waiting to react to a policy change or delaying technology implementation can have serious implications for organizations engaging in cross-border trade.
Here are some best practices you can follow to help mitigate trade relations.
Avetta offers a low-cost and secure contractor qualification and monitoring solution that allows you to gather, verify, store and easily manage all of the documents you require from your contractors, vendors, and suppliers. With real-time reporting and a holistic view of your supply chain, we save you time, reduce your contractor management costs, and minimize your risk exposure when hiring third-party vendors. Learn more at Avetta.com