In The News: Customers Are Pushing Back on Price Increases. How Can Businesses Work with Suppliers to Ease Costs?
The following was pulled from an Inc. article featuring TriVista’s Frank Ciotoli. Read the full article as published in Inc.
Through the pandemic era’s supply chain disruptions, many businesses learned the importance of diversifying their supply chains. But even if they’ve landed on what they believe to be a good deal, business leaders should look for better options on an ongoing basis.
When reaching out to potential new suppliers or manufacturers, Ciotoli recommends looking close to home for “niche suppliers in your state or region that can provide you better service, better insight, and can get you what you need quickly.” International suppliers may offer lower prices, but can ultimately be more costly when transportation costs or supply chain issues are considered.
To learn how TriVista can help build better supplier relationships, contact us today:
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