5 tips to manage supply chain risk in uncertain times gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
These tried and tested Cs will help determine a potential client s creditworthiness In association with Image Credit: Shutterstock
When Ahmed opened his design business in Dubai last year, he was delighted to land an ambitious client straight away. He took on a couple of staff and the team began working on a raft of assets for his first customer. Ahmed knew his business was top heavy – meaning he was reliant on this company to keep going – but he did not over worry. Then things went wrong.
As the global economy hit a rough patch, suddenly the substantial retainer payment stopped arriving, and e-mails and frantic phone calls went unanswered. A short time later, he found out the company had gone bust. Ahmed’s promising fledgling business crashed and he had to lay off his staff.