A message from our sponsor BankOnITUSA:
Each supply chain risk you face – hard to find laptops, delays in buying servers, long lead time for network equipment – impacts your institution’s ability to open new locations, install new technology (such ITMs), install new phone systems, and complete M&A opportunities in a timely manner.
Credit risk is also increased. The delay in replacing failed equipment may create downtime for your commercial borrowers and adversely impact their cash flow. In particularly sensitive industries, like manufacturing, a lack of availability may limit your client’s ability to replace aging equipment and systems and expand their business. Each supply chain risk you face is also impacting your biggest borrowers.
Learn more, as well as actions you can take to protect your bank in the full article HERE.