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businesses often must act quickly to identify and onboard alternative suppliers . This process can be both expensive and time-consuming , with ripple effects that extend across the entire supply chain . Such disruptions can also strain relationships with customers , as companies struggle to meet deadlines and maintain the quality of their products or services . partner is connected to a sanctioned entity . Another major issue faced by businesses is the potential for sudden and unpredictable disruptions . When sanctions target key suppliers or entire trading hubs ,
How can businesses reduce sanctions risks ?
To reduce the risks caused by sanctions , companies should adopt an initiative-taking approach . Diversifying suppliers is a crucial strategy to avoid heavily relying on regions at a relatively high risk . Maintaining relationships with partners from around the globe makes sure that disruptions in one area will not heavily damage operations . Mapping out
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