Year-End 'Must Reads' For Better B2B Credit Risk Management
As the year comes to a close, we’re making time to catch up on some reading, and you may be, too.
Here are our most popular blog articles from the past year– plus a few more favorite reads from other excellent sources.
Pull up a chair with your favorite mug of coffee or tea, and prepare to be informed and inspired, to start 2017 off right. Enjoy!
1. CREDIT RISKS GROW IN APPAREL RETAIL
Where is credit risk most severe in the apparel retailing industry? This group of 16 "at-risk" brick-and-mortar apparel retailers have nearly 4x the risk of the category average.
No one likes to see a legendary business fail, and the retail apparel industry has seen more than it’s share of financial distress. In the months since this article was written, one retailer has filed for bankruptcy, and many others are on life support. Understand why, and learn the financial red flags that signal increased bankruptcy risk.
2. ‘BLACK SWANS’ LURK, THREATENING GLOBAL CREDIT CONDITIONS
‘Black swan’ economic risks aren’t certainties, but we still have to ask: Do you have the tools and approach to manage these four risks?
We live in volatile times, so the idea that big risks could rock the global economy really doesn’t shock us. But the French bank’s forecast is particularly relevant to companies whose customers and/or supply chain is global in scope. That describes most of our clients – which is the main reason we shared it. Here are four important risks to keep on your radar.
3. FIVE STRATEGIES TO MITIGATE SUPPLIER FINANCIAL RISKS
Supplier insolvency and supply chain disruption happen. But you CAN limit the damaging impact, if you anticipate supplier financial risk and take a more strategic approach to building a resilient supply chain. Here’s how.
You’re not monitoring your supplier’s financial health? Well, you’re not alone … but you might want to change that in 2017. Statistics tell us that 25% of organizations experienced business disruption due to the financial failure of a supplier. Here are five ways to avoid this problem.
4. FOUR THINGS YOU NEED TO KNOW ABOUT FINANCIAL DISTRESS IN THE GLOBAL CONTAINER SHIPPING INDUSTRY
With mounting losses and lower freight rates, and the financial failure of the world's 7th largest container shipping company, what’s the credit outlook for the rest of the industry?
Container shipping industry risks aren’t to be taken lightly. Yet despite intense pressure to return to profitability, industry bankruptcy risk isn’t expected to drop anytime soon. Here’s why bankruptcy risk for global water transportation is still +283% higher now than before the last financial crisis – and how to protect your interests.
5. UNLOCK THE SECRETS OF YOUR TRADE DATA, TO IDENTIFY YOUR BIGGEST DOLLAR RISKS
Are you taking advantage of the powerful insights your own data can offer? Learn about a program that helps you drill into credit risk, absolutely free.
Working smarter is a must in 2017, if you’re going to get ahead of risk. We’ve got just the thing to help you out. Take a peek at the free reports that put your biggest receivable risks into context. Thousands of your credit peers already contribute their trade files, and leverage our Trade Contributor Program to manage their risks. You can, too.
BONUS: 5 MORE GREAT READS FOR FINANCIAL PROFESSIONALS
We leave you with a few of our favorite sources for fresh perspectives on financial risk. There’s simply no better way to stay up-to-date on the topics that matter.
Consider subscribing in the New Year, and getting the latest perspectives delivered right to your inbox. We do! Check out:
Was 2016 a challenging year? Not to worry, the New Year provides a fresh start, and the perfect opportunity to make your tools and technology work even harder, to get ahead of risk in 2017.
Wishing you a peaceful and joyful year-end, and every professional success in the year to come!
CreditRiskMonitor is a financial news and analysis service designed to help professionals stay ahead of public company risk quickly, accurately and cost-effectively. More than 35% of the Fortune 1000, plus thousands more worldwide, rely on our commercial credit reporting and predictive risk analytics for assessing the financial stability of more than 56,000 global public companies.
At the core of CreditRiskMonitor’s service is its 96%-accurate FRISK® score, which is formulated to predict public company bankruptcy risk. One of four key components calculated in the FRISK® score is crowdsourced subscriber activity. This unique system tracks subscribers' patterns of research activity, capturing and aggregating the real-time concerns of what are essentially the key gatekeepers of corporate credit. Other features of CreditRiskMonitor’s service include timely news alerts, the Altman Z”-Score, agency ratings, financial ratios and trends. CreditRiskMonitor’s network of trade contributors provides more than $150 billion in trade data on their counterparties every month, giving them visibility into their biggest dollar risks.