Businesses have been caught off guard by the war in Ukraine, but the conflict will require careful watching in the future. To understand this, the Economist Intelligence Unit held a session in London, debating the future of the region.
As the rebellion in Eastern Ukraine seems to be collapsing, the broader geopolitical environment is becoming more complex. From a procurement perspective, those with a big stake in the commercial outcome of the situation are likely to find consistent challenges in the coming years.
As reported today by the PLN, a recent survey found that half of UK-based businesses check their suppliers for compliance to the UK Bribery Act. Interestingly, a mere 6% of the sample in the by Ernst & Young research stated that they would re-tender if they found a non-compliant supplier.
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