On October 23, 2019, CRIF was invited to give a seminar about supplier risk management to members of the German Chamber of Commerce in Hong Kong.

Companies sometimes face the challenge where their suppliers cannot provide materials to them on time, or the goods do not meet the required quality standard. This could have a serious impact on those companies, such as a delay in production or product recall, which could damage the company’s reputation.

In the seminar, CRIF explained how to enhance supplier risk management with business information, an important tool in the effective assessment of suppliers, ensuring a stable supply as well as a healthy supply chain.