Bankruptcies were triggered at a feverish rate in Q2 2020; the reprieve, one year later, feels more like a crisis delayed than dismissed. Keep up a strong credit culture.
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As auto manufacturing sales return to pre-COVID-19 levels, a few major industry leaders are stuck in neutral. Could bankruptcy hit your favorite car make in 2021?
From the start of the coronavirus pandemic, CreditRiskMonitor subscribers have experienced an increase in public company FRISK® scored corporate failures* throughout North America.
As default rates are rising, creditors are receiving rock bottom recoveries on their debt. Trade credit is even more vulnerable, likely to accept pennies on the dollar.
In a recent webinar with leading credit experts, CreditRiskMonitor CEO Jerry Flum noted that a world built on nonfinancial corporate debt is susceptible to mass bankruptcy in the wake of the COVID-19 pandemic.
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.
Avoid the crash: not having a daily risk download like what we provide subscribers with our proprietary FRISK® score, when world events like armed conflict are changing industry every day, is like flying a plane without instruments through a hurricane.
Just like tariffs, supplier financial risk has become an important category to monitor by company procurement departments. If this isn't on your radar today, it should be.
Adopting multiple risk management solutions is a commonality among successful credit and procurement managers, and CreditRiskMonitor is the top option for assessing financial risk in public companies.