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Performance Audits | Key to Enhanced & Sustained Supplier Performance

A 2019 Deloitte survey revealed that over 80% of organizations experienced a third-party incident in the last three years. A common underlying factor among these was a lack of in-depth knowledge about their suppliers. Only about 10% of the surveyed organizations reported having reasonable knowledge and awareness of their subcontractors, inducted by third-party suppliers. This distinct lack of awareness creates a serious risk that entangles organizations’ reputations as well as their future business potential.

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