Fast For­ward

Finweek English Edition - - INSIGHT - Marc Ash­ton

sup­pli­ers were eval­u­ated. The first was the BEE score­cards, which in­cluded both sup­plier and eq­uity-own­er­ship is­sues. The sec­ond is­sue, how­ever, re­volved around how many lo­cal com­po­nents were put into a prod­uct or ser­vice. The higher the num­ber of the lo­cal com­po­nents, the bet­ter the sup­plier and prod­uct would score.

Phi­tidis con­cluded the ses­sion by say­ing: “This ses­sion clearly shows that there are op­por­tu­ni­ties for en­trepreneurs to get into the cor­po­rate sup­ply chain but what is im­por­tant is for en­trepreneurs to un­der­stand that peo­ple do busi­ness with peo­ple and if they are se­ri­ous about get­ting into th­ese sup­ply chains, they need to un­der­stand how they work and build the ap­pro­pri­ate re­la­tion­ships.”

We are en­ter­ing an era when small busi­nesses and cor­po­rates can work hand in hand and this is a crit­i­cal trend to de­velop.

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