Rescuing suppliers
17 February 2009 | Jake Kanter
According to a web story yesterday, Rolls Royce will consider offering its suppliers financial support amid the toil of the financial downturn.
Mike Terrett, chief operating officer at the company said: “We’ll take whatever action is needed to protect the customer and then use it as an opportunity to consolidate our bigger, stronger suppliers. It is an issue, but it is part of what we do daily.”
It seems the underlying message here is that some of its suppliers are just too important to go out of business.
Would your organisation finance troubled suppliers?
Are some of your suppliers too important to go out of business?
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