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Editor's letter - Strengthen your firm's weakest link.
(From Financial Director)
At the risk of stating the blindingly obvious, the whole point of a supply chain is that it depends on all the links in the chain holding firm, interdependent and, ahem, pulling together. We mention this because we've come across a number of instances where a business runs into trouble, executes a phoenix operation, starts up again with fresh backing and endeavours to carry on as normal.
All well and good, quite proper, in line with the evolving culture that failure is not necessarily a deadly sin, and nothing at all sinister or untoward. In one case that came to our attention, the business concerned made great efforts to work with its suppliers, establish a good working relationship and explain exactly why the original business had run into difficulties and why those problems were unlikely to be encountered again.
The debts of the predecessor company were history, but the relationship was still there to be worked on and nurtured.
As these tales always do, this one has a "but the ...
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