Economic downturn provides opportunity for better supply chain agreements

11 Feb 2009

Businesses should use the economic downturn to take stock of their supply chain practices to make sure they are in a more advantageous position when the economy bounces back, according to a leading construction and infrastructure lawyer.

Allens Arthur Robinson (Allens) Partner Ren Niemann said the economic boom of the past decade has seen many businesses, especially in the resources sector, having to wait up to 18 months for vital materials and equipment from suppliers, and pay for the privilege of doing so. This, in turn, has led to project delays and premiums being paid, with less focus on driving better performance outcomes.

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