Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

Get updates on Compliance Week offerings, including new features, databases, research, and other resources, along with announcements of upcoming Webcasts, conferences, seminars, CPE/CLE opportunities and more.

Published every Thursday, Compliance Week Europe offers a condensed summary of risk, audit, and compliance news either originating in Europe, or of special interest to European compliance professionals. This newsletter will follow developments by the European Commission, as well as those of national governments across the region, or any U.S.-based news that might have consequence across the Atlantic. Frequency: weekly; Thursday a.m.

A fresh edition of Compliance Week delivered via e-mail and online every Tuesday morning, relentlessly focused on the disclosure, reporting and compliance requirements of our 25,000+ paying subscribers.

Published every Friday, Compliance Weekend was launched at the behest of subscribers, and offers a quick Plain English review of the week's key developments. We hope you enjoy this supplement to Compliance Week's Tuesday edition.

×

Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

Supplier Risk: Outsourcing To China Can Get Costly

Richard Meyer | July 31, 2007

Cheap is very often expensive. That’s the lesson being learned again by companies outsourcing production to China.

With the recent spate of food contamination and other product scares—from melamine in pet food to lead-painted Thomas the Tank Engine toys to toxic cough syrup—many companies in the United States are being advised to do what they should have done when they first moved production offshore: better assess their risks.

Specifically, companies need to do a better job identifying their supplier risks. That means asking some tough questions about exactly what they are buying and establishing the proper structures—both financial and physical—to protect against problems that can arise when outsourcing manufacturing to a developing country on the other side of the planet.

According to risk consultants, many larger and more experienced multinationals have fairly good systems in place already; they have... To get the full story, subscribe now.