You are the CEO of a Canadian firm or you own your company that import products or raw material from an overseas supplier. As the CEO, one of your primary responsibilities is to cut cost. It is your responsibility to find a new supplier overseas and convince the board to give you permission to start buying from the new supplier you have found.
- a through explanation why the company should change suppliers, include the following risk assessment you have done on the new supplier:
- 1. Trade Risks: product, finance, currency, and commercial risk. Outline measures you will put in place to mitigate risk
- 2. Risk Assessment: political, country’s adverse business and economical risk– some or all may or may apply depending on your supplier’s country (new or old supplier). Outline measures you will put in place to mitigate risk