Reputational risk, often an invisible threat, can be devastating for a company. Unlike legal, financial, or operational risks, reputational risk cannot be quantified. Yet, its consequences can be both unpredictable and long-lasting. It may take up to 80 weeks—nearly two years—for an organization to recover from such an impact, if recovery is possible at all. However, there are ways to prevent it.

Did you know? Modern logistics has its roots in military terminology. The term “logistics” comes from the Greek LOGIC (mathematics) and LOGIS (housing). This legacy highlights the critical role of logistical planning in supporting military operations, ensuring the survival and efficiency of troops in the field.

Beyond simple calculations, the cost price, fundamental to any procurement process, is a science that requires a rigorous method and a clear understanding of the various costs associated with each product. This becomes even more essential for projects involving international markets, where accurate labor cost evaluations and logistics fees can be decisive factors.

Are you considering a sourcing project in Mexico? While it’s a promising option, it’s essential to structure your approach by combining solid local knowledge, building trustworthy partnerships, and rigorously managing risks and quality.

In this podcast episode (french version only), France Lavallière, Director of Procurement at @Umano Medical – an innovative company in the medical equipment sector – shares her top strategies for building teams that excel in transparency and credibility. Her valuable insights could reshape your approach!