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Why Is It Important to Vet Vendors When Engaged in International Trade?

We have all heard that vendor vetting is critical for businesses engaged in international trade. But how critical? Here’s a statistic to ponder on: According to a Deloitte report [https://www2.deloitte.com/content/dam/Deloitte/xe/Documents/risk/Deloitte%20Third-Party%20Risk%20Management%20Global%20Survey%20Report%202020.pdf] , 84% of companies have experienced a damaging third-party incident in the last three years. In fact, the same report suggests that 30% of the companies believe that their

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