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In light of recent recalls of Chinese made goods, many U.S. companies are taking a second look at the risk inherent to extended supply chains. What specific steps can management take to mitigate these risks and how can boards provide the necessary oversight? Clarence Kwan and the Chinese Services Group (CSG) of Deloitte LLP joined with Corporate Board Member magazine to look at:
- Product safety issues – what’s really at stake for U.S. businesses?
- Setting the tone at the top for low-cost country sourcing strategies.
- Establishing the right processes to address risk over the lifetime of supplier relationships.
Download the brief below to learn how companies can take action to preserve the short-term benefits of a global supply chain while protecting the long-term shareholder value. Related Content: Listen to the podcast or read our first board brief and survey report, "The Board’s Changing Role in China Strategy," for further insight into how U.S. directors can manage risk and seize opportunity in China. Read our latest board brief, "Balancing Flexibility and Control," which explores how U.S. companies are adjusting their traditional decision-making structures in China to strike the right balance between local flexibility and control by global headquarters.
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