Guidelines ‘Better’ Purchasing Practices Amidst the Coronavirus Crisis and Recovery
Amidst a near constant stream of reports of order cancellations by big brands and retailers, it appears that suppliers are being left on their own to sustain their businesses through the Coronavirus pandemic and address the impacts of production stoppages on their workers.
Will the efforts being made by some leading companies to improve purchasing practices for mutually beneficial sustainable partnerships falter as retailers and brands prioritize their own short-term cash flow over long-term survival of key business partnerships in their supply chains?
These concerns prompted Better BuyingTM to carry out a micro-survey of suppliers to gather quick input on how the Coronavirus is impacting their businesses and workers. We also asked about the specific impact of their customers’ Coronavirus-related purchasing practices, and whether any customers have implemented best practices.
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