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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With more than 1,000 Chinese businesses already facing global sanctions, supply chains are rapidly reorganizing supplier footprints due to severe country-related business risks.
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.
With inflation running hot, the U.S. Federal Reserve has embarked on a rate hike agenda. Financially weak companies with material near-term maturities are struggling and, in some cases, bankruptcy could be imminent.
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.
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.
CreditRiskMonitor's global coverage pinpoints risky companies in Italy, and now is the time to act before another falls into corporate failure.