Supplier management

Supplier management

This subtopic brings together materials of relevance for commercial lawyers advising on legal issues arising with the management of a business’ supply chain, in particular:

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when trading with a business partner (either a customer or a supplier) which is in financial difficulty
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supporting sustainability, corporate social responsibility (CSR) and environmental, social and governance (ESG) initiatives through the supply chain
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managing the bribery and corruption risk
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managing the modern slavery risk
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resilient contracting with suppliers

For more information on supply chains generally, see Practice Note: Supply chain fundamentals.

Trading with a company in financial difficulty

Many businesses experience financial trouble, cash flow or debt problems. This part of the subtopic considers the experience from the perspective of a business trading with another (either a customer or supplier) that is experiencing financial difficulty and as such is seeking to reduce its exposure to that risk through prudent contract risk management.

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Identifying a company in financial difficulty—diligence is required not only when first deciding whether to commence trading with a party but also throughout the trading relationship with that party. It cannot be

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