The closing of any business may make for good news headlines. But it’s a sad affair. When it’s people-driven, this is even more the case. For example, when managers and employees put in years of work only to have their efforts amount to selling off swanky office furniture to pay pennies on the dollar of supplier claims, no one should smile (not even competitors; it could happen to them). There’s really no good that comes of it, except, perhaps, for customers who can find more stable partners in the process (provided they saw the writing on the wall and moved quickly enough to transition their requirements).
Six Key Supply Risk Analysis Tips and Lessons from TradingPartners’ Bankruptcy [PRO]
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