‘Manage risks in emerging markets’
3 April 2012
Buyers dealing with suppliers in emerging markets should be prepared to manage the risks for them, the chief procurement officer at bottling company Coca-Cola HBC told delegates at the CIPS conference.
David Cowell said that it was often difficult to find out whether a supplier in an emerging market such as Armenia or Ukraine was even solvent. He suggested buyers accept that determining potential suppliers are low risk is much more important than their competitiveness.
Cowell added that measures to ensure suppliers did not accept all of the risk, such as...