Long-term supply chain resilience is built on a foundation of supplier transparency, trust and collaboration

With recent events at Silicon Valley Bank and Credit Suisse rocking international finance systems, the experts at global supply chain risk management solution, Resilinc, are urging UK businesses to collaborate with suppliers to reduce uncertainty.

This instability at major international banking institutions comes on the back of an already turbulent time for businesses. Resilinc’s EventWatchAI risk monitoring platform reported a 271% year-on-year increase between 2021 and 2022 in bankruptcies, plus a 46% increase in corporate restructuring and 77% increase in leadership changes during the same time period.

Resilinc is outlining five strategies businesses can employ to mitigate financial risk across their supply chain.