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New Ethical Issues?

1 Replies Last post: Feb 8, 2009 2:30 AM by user1635098  
Susan Hall   8 posts since
Oct 3, 2008
Reply

Dec 16, 2009 3:36 PM

New Ethical Issues?

I just wrote that delaying payment to suppliers raises the risk that they will go out of business in these troubled times, and that's increasingly considered an ethical issue. Has this recession created other ethical issues for your company?

user1635098   1 posts since
Oct 3, 2008
1. Feb 8, 2009 2:30 AM in response to: Susan Hall
Re: New Ethical Issues?

Yes, it is an risk that is promoting a different behaviour among suppliers.  We are seeing suppliers that are less open about the health status of their companies, often providing inaccurate data on performance and reliablity to mislead evaluation/assessments.  We are also seeing more suppliers adapting flexible and non-transparent relationships to attack competition and win sales.  In the past this was not so rampant.  I think we will be seeing a vast range of questionable ethical approaches as companies struggle to keep afloat and an increasing risk of exposure to corrupt practices as the global situation gets worse.

WitchWanda

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