Has COVID-19 encouraged you to reconsider your outsourcing
needs? If so, it might be time to quarantine your outsourcing
agreements and give them a health check. Below we have
tracked-and-traced a list of considerations to help you to isolate
any potential areas in those agreements that may need
sanitising.
It always makes good sense to review your outsourcing agreements
periodically, especially if your business relies heavily on
outsourcing business-critical functions to third-party suppliers.
The time for review is usually when those agreements are coming up
for renewal or in the event you are considering appointing a new
supplier. Of course, COVID-19 has introduced new and unpredictable
challenges and as a result, some businesses have naturally turned
more towards outsourcing functions to reduce in-house resources,
while some have encountered service delays and disruption. Further,
as day-to-day restrictions continue to be imposed on businesses to
varying