“Never rely on just one supplier,” buyers have often told me. But sometimes this seems unavoidable. Large construction or infrastructure projects often only employ a single contractor to complete the project.
But if you are reliant on one supplier or contractor to get the job done, what do you do if it all goes pear-shaped?
What can you do if one of your suppliers goes out of business or lets you down? What is the most effective strategy of managing this if it happens?