Legal Link: Do your Due Diligence

June 3, 2009

Do your due diligence Protect your supply chain from liability
MM&D | March 2009 21

“Have you seen a man diligent in his business? He will stand before kings.”
(Proverbs 22:29)

In our uncertain and challenging environment, mitigating risk is all about being diligent. This, according to Black’s Law Dictionary, means you have to be “attentive and persistent in doing a thing; steadily applied; active; sedulous; laborious; unremitting; untiring.”

Let’s move away from legal texts and talk about what diligence means in your day-to-day business. Shippers are increasingly exposed to risk. As supply chains are outsourced and spread across the world, more opportunities for problems emerge. These problems can create costly litigation and legal liability—which can threaten the very survival of many companies.

Reference: Marvin J. Huberman, “Legal Link: Do your due diligence” – MM&D, Materials Management & Distribution, Canada’s Supply Chain Magazine, March 2009, p.21;

Click HERE to read the complete article.

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