The current context has been extremely complex. Inflationary pressure is forcing all sectors and industries to reconsider their growth projections, both for the medium and long term, given that the annual rate of inflation is close to 8% in Mexico and its main trading partners.
Similarly, the increase in infections by COVID-19 makes the panorama of the business ecosystem one of uncertainty in the face of new waves of the pandemic, which in itself shook all industries for almost two years. And in this scenario, business decisions must be made with greater caution.
rise or fall
Many decisions related to the choice of partners or suppliers are made based on references or poorly considered arguments, there is rarely an in-depth investigation of both the company and the viability of the deal. There are companies with a great product, but perhaps its scope or delivery times are not what you are looking for.
A thorough investigation demands evaluating all aspects of the future business partner to ensure an alliance for the benefit of both parties. Digital processes such as Know Your Business (KYB) are an efficient tool to fully understand a supplier, the idea is to make the search more efficient and find the ideal partner.
the secret recipe
Finding a great ally doesn’t have to be an exhausting or overwhelming task. Many leaders give up the search for new suppliers because they know that this involves time and resources, other times they leave it in the hands of others and the result is not always good because they do not know where to look (or more importantly) how to look.
Good partners do not fall from the sky, there are few companies that find the ideal supplier at first, but those that do are because behind their choice there is a meticulous and careful strategy.