Many contracts between business partners include obligations to fulfill the supply of goods or services and can trigger contractual penalties in the event of non-performance.
Most of the contracts contain a backstop termination right in case of force majeure, which applies to an epidemic or pandemic. However, this doesn’t mean there is an immediate alternative at hand, sourcing a new supplier normally takes a lot of time and effort.
With Sourcing Intelligence it is easy to find new suppliers quickly.
Get Supply Chain Data, Analytics and Insights on Companies affected
Setup a monitoring for high risk supply chain disruption for countries and companies affected by this pandemic, especially China, and develop a response program with alternatives.
Build a resiIient supply chain with alternative suppliers in non-affected regions of the world, to diversify and achive supply chain redundancy.
Top Products EXPORTED from China and Possible Alternative Supplier Countries
Product Categories | Possibly affected Suppliers |
Possible alternative Suppliers |
---|---|---|
Electrical machinery, equipment and parts | show me |
see suppliers |
Nuclear reactors, boilers and parts | show me |
see suppliers |
Furniture and parts | show me |
see suppliers |
Toys, games and sports requisites | show me |
see suppliers |
Plastics and article made of plastics | show me |
see suppliers |
Motor vehicles and parts | show me |
see suppliers |
Apparel and clothing accessories | show me |
see suppliers |
Optical, medical and surgical instruments | show me |
see suppliers |