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Have you heard of Sysco Foods?
You’ve almost certainly benefited from their services. $48B Fortune 100 company Sysco is the world's largest food distributor and supplies everything from dishes to ingredients to even hair nets. They serve the needs of almost anywhere food is served, including hospitals, schools, hotels — even casinos.
"I don't have any public company risk." Have you ever told yourself that?
You might be very surprised. We work with credit managers and procurement professionals at leading companies around the world, and here’s a consistent finding: Public companies usually account for far more dollar risk exposure than our customers think.
As Bob Dylan famously wrote, "The hard rain, it's a-gonna fall."
When it comes to financial risk, we are living in some seriously soggy times. 2016 is shaping up to be a risky and volatile year. Whether or not the current turmoil turns into a full-blown recession is anyone's guess at this point — and there are a lot of guesses out there — but one thing for sure is that risk levels are rising, and rising fast.