Supplier financial risk is the source of many recurring, prolonged, and unanticipated supply chain issues that can otherwise be prevented or mitigated - if you're willing to ask a few pertinent questions.
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As the coronavirus (COVID-19) sends shockwaves through the stock market and the world at large, it has also greatly upped the financial risk potential for automotive, technology, healthcare, chemicals, and many other industries.
The fall of car rental giant Hertz Global Holdings, Inc. proves the point that the health of an entire supply chain, from raw material harvesting to finished products, is critical to understand relative to assessing bankruptcy risk potential.
Public company financial risk is higher than it has ever been, and the weakest links in your supply chain may lead to costly, time-consuming problems.
Corporate supply chains need to be wary of suppliers that are financially distressed. High-risk suppliers can expose your company to a variety of issues, which can ultimately have an impact on your company's supply chain, sales revenue, and reputation.
If a premium grocery chain like Whole Foods can experience a multi-month SKU disaster, chances are that it can happen to your company too. Evaluate the financial health of your supply chain, see which vendors are most at risk of failure, and take the necessary steps to safeguard against them.
The harsh downturn in several end markets has resulted in overcapacity in key industrial commodity markets, causing base metal prices to break materially lower. We note where bankruptcy is most probable.
In this Distressed Supplier Report, the near-term fate of Enviva, Inc. is discussed: why this supplier is in trouble, which SupplyChainMonitor™ features are unearthing Enviva's hidden dangers, and the contingency plans procurement professionals must make to keep their supply chain intact in the face of the company's ballooning financial risk level.
Armed with CreditRiskMonitor’s SupplyChainMonitor product, procurement teams worldwide are restructuring by onshoring, nearshoring, and avoiding increasingly risky countries.