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Follow on Google News | Study Suggests American Consumers Intend To Punish Companies Involved In Supplier-Driven ScandalsBy: Proxima The study of typical American consumers, commissioned by sourcing and procurement specialist Proxima (http://www.proximagroup.com/ “In recent years, we’ve seen a tremendous shift as companies are relying more heavily on suppliers (http://insight.proximagroup.com/ The survey, commissioned by Proxima and executed by Kelton Global (http://keltonglobal.com/ · Even among financially- · Nearly a third of respondents indicated they would proactively tell friends and family to stop spending their money with a company involved in controversial supplier practices Cooper-Bagnall continued, “In recent years, supplier driven scandals have tainted the reputations and bottom lines of a number of well-known companies around the world. Yet, when these scandals arise, consumers are not drawing a distinction between company and supplier and are placing as much blame, if not more, squarely at the feet of the company. It is, therefore, critically necessary that companies not only vet suppliers properly before engaging them, but create a monitoring program to catch and address any improprieties before they result in public scandals.” About Proxima Proxima (http://www.proximagroup.com/ Our Catalytic® procurement offers our clients a profoundly different way to manage their suppliers, one which is impossible to replicate in-house. We work closely with organizations to improve business performance by helping companies spend well and maximize value from their operations. Our approach goes beyond driving efficiency. It's about enabling change, enhancing management control and delivering tangible financial benefits. Proxima manages over $10 billion in operational spend on behalf of our clients across a broad range of industries including consumer products, financial services, travel & leisure, healthcare and media & entertainment. For more information, please visit www.proximagroup.com Contact: Greg Kalish GK Communications for Proxima 516-665-3292 gkalish@proxima.com End
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