Below are the details of the operational risks covered within this selected sub-risk category:
Overreliance on a single/small group of vendors or vendors from a single geographical location
Overreliance on a single vendor/small group of vendors or vendors from a single geographical location may result in business disruption or unplanned costs for the firm. Examples of such overreliance include: -
Unexpected bankruptcy or shutdown of a key vendor
Unexpected bankruptcy or shutdown of a key vendor may result in business disruption or unplanned costs for the firm. Examples of such disruption include: -