The Hidden Costs of Unvetted Vendors: How Businesses Can Mitigate Supply Chain Risk
The Rising Threat of Unvetted Partnerships As global supply chains become increasingly complex, businesses across North America are facing a surge in financial losses tied to unvetted third-party vendors. In 2024, procurement experts report that organizations failing to conduct rigorous due diligence are losing an average of 12% in annual operational budgets due to vendor…