Period of high financial risk to suppliers on the horizon
Resilinc
AUGUST 9, 2022
” Procurement and supply chain managers should take that adage seriously for the next year to 18 months, given the prospects of a recession in the United States. In the 2008-2009 recession, export-dependent countries in Asia suffered a 15% drop in GDP in Q4 2008 due to their dependence on export markets, according to IMF analyses.
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