In the latest episode of Business Insights we speak to CreditorWatch's Victorian Sales Manager Hilbert Klaster about supplier hopping - the practice of moving from one supplier to another, leaving a trail of unpaid debts - why it is on the rise and how businesses can avoid being caught up in it.
Key points:
What is supplier hopping?
Why it is on the rise.
How can you identify a supplier hopper?
What can creditors do to protect themselves from the effects of supplier hopping?
What should creditors do if they suspect a debtor/customer is supplier hopping?