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Achilles: Oil and Gas Companies across the Globe Complacent on Financial Risks from Suppliers

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HOUSTON--(BUSINESS WIRE)--Large oil and gas companies across the world are not taking basic steps to protect themselves from the financial failure of their suppliers at a time of ruthless cost-cutting, a new survey shows. One quarter of oil and gas firms said that during the last year, they had experienced disruption to their supply chain from financial problems associated with suppliers. Yet one in four (25%) large firms admitted they do not gather financial reports from their main contractors

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