It’s Up To Manufacturers to Keep Their Suppliers Afloat

Large manufacturers should not assume that their suppliers will survive the pandemic-induced economic crisis. While many governments around the world are in various stages of rolling out economic relief to businesses, much of it will either arrive too late or won’t be enough to save many small and medium-sized companies. If they fail, their disappearance could have a major impact on major original equipment manufacturers, hampering their ability to recover when the economy starts coming back. Consequently they should identify the suppliers whose survival is critical to their businesses and offer them assistance. This article outlines the various ways they can help.