Companies have been ramping up efforts in nearshoring their purchased goods from Mexico and Canada while keeping other regions steady. This trend indicates supply chains are focused on dual sourcing and seeking alternative suppliers.
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Today, bond rating agencies are downgrading corporate credit at a faster pace than any point in the last decade. The coronavirus has sapped product and services demand and disrupted global supply chains.
CreditRiskMonitor anticipates tighter access to credit in the years ahead and an escalation in bankruptcy filings – if we’re not heading for a recession, it may be a depression.
Public and private companies need to be proactively evaluated in distinct, different ways by risk management professionals - fortunately, with the FRISK® score and PAYCE® score, CreditRiskMonitor has world-class solutions for both subportfolios.
With more than two decades' worth of usage data on the research patterns of credit and procurement professionals in hand, CreditRiskMonitor has discovered that the aggregate sentiment signals displayed by this group are highly predictive of company bankruptcy.
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.
Credit professionals relied upon CreditRiskMonitor’s High Risk Reports to stay several steps ahead of failure, as 2017 was full of high-profile bankruptcy cases in the corporate world which were well-known to subscribers before they hit.
Deep cracks are surfacing in global corporate debt markets. The timing of corporate bankruptcies is always difficult to predict, yet FRISK® score trends show that the odds of a bankruptcy wave have measurably increased.