Magazine Article | September 1, 2021

How To Minimize Risk When Working With International Suppliers

Source: Life Science Leader

By Jess Harris

In today’s global economy, life sciences companies rely on a myriad of suppliers, both domestic and international, to meet production requirements. Identifying and mitigating risks associated with foreign suppliers can be particularly complex, especially when navigating standards and regulations unique to a country.

Implementing sound contractual risk-transfer strategies to protect against potentially complicated and costly litigation is crucial to ensuring business continuity.

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