GM watches unhealthy vendors

Sherefkin, Robert
November 2009
Rubber & Plastics News;11/30/2009, Vol. 39 Issue 9, p5
Trade Publication
The article informs that Bob Socia, vice president for purchasing and supply chain of General Motors (GM), expects to deal with more troubled suppliers in the future as volumes come back. Socia says that limited resources are forcing GM to take tough decisions on which suppliers to choose and which to leave. It is evident that due to recent economic downturn, many suppliers having trouble securing financing, generating cash flow and maintaining the level of capital needed for long-term survival.


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