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Supply Chain Analysis

Businesses need to have a diversified supplier system, especially those operating internationally. This gives a business more options and negotiating leverage.

Competent sourcing of suppliers includes evaluating cost, expertise, technical skills and proximity to manufacturing facilities. Consider the following steps to analyze and diversify your supply chain.

Cultivate additional supplier relationships now to smooth out any potential challenges resulting from geopolitical strife or a natural disaster.

Explore multiple port options to avoid any unforeseen logistical challenges, such as a localized worker strike, if you receive overseas shipments to U.S. ports.

Attend industry or trade association events to open doors to new supplier sources.

Ariel view of a shipping yard.

Choose an international banking expert for guidance. FNB has an international network of partner banks that can be called upon to provide trustworthy supplier options and assist with your supply chain analysis.

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