A common strand of corporate social responsibility involves incorporating smaller organisations in your supply chain.
SMEs often rely more on a steady stream of work than their larger rivals, and their customers can gain from their localised knowledge and a team of employees dedicated to fewer contracts.
It may be easy to check on their solvency and customer feedback, but how can you assess their business continuity arrangements?
SMEs are likely to be less knowledgeable about this issue than multinational organisations, so how can you be sure your supplies won’t suddenly come to a halt if your vendor goes bust? Is using an SME worth the risk if their plans aren’t clear?