Resources

Our Distressed Supplier Report leverages advanced predictive analytics to assess major supplier, Spirit AeroSystems and its heightened financial risk. Powered by SupplyChainMonitor™, procurement and supply chain professionals gain access to actionable insights for proactive identification and mitigation of supplier-related disruptions.

The AI-driven FRISK® Score predicts bankruptcy with 96% accuracy, serving as a first-line-of-defense for risk professionals worldwide. In 2024, the FRISK® Score accurately identified 206 of 215 public company bankruptcies as “high-risk” at least 3 months before filing.

Specialty retailer, The Container Store Group, Inc., filed for bankruptcy on December 22, 2024. The FRISK® Score had signaled the company’s financial distress for 12 consecutive months, providing early warning to subscribers. Yet the company’s Days Beyond Terms Index, a measure of historical trade payment performance, persistently indicated prompt payment behavior. The divergence between these indicators is known as the “Cloaking Effect”.

Major discount retailer, Big Lots, Inc. filed for bankruptcy on September 9, 2024. Importantly, both payment-based (DBT Index) and financial-only based models (Z’’-Score) failed to warn about this company’s bankruptcy risk. Conversely, the FRISK® Score provided warning for more than a year, enabling clients to mitigate their trade credit exposure.

CreditRiskMonitor.com, Inc. (OTCQX:CRMZ) is pleased to announce that its SupplyChainMonitor™ solution has been recognized as a top procurement technology in the Spend Matters Fall 2024 SolutionMap.

By tracking the behavior of credit managers and other professionals, crowdsourcing becomes the critical advantage that CreditRiskMonitor subscribers gain.

Conn’s suffered from persistent declines in same store sales, caused by “lower discretionary spending for home-related products.” The acquisition of W.S. Badcock, LLC also contributed to higher financial leverage and ultimately an untenable balance sheet.

CreditRiskMonitor today announced that its Board of Directors has appointed Jennifer Gerold as Chief Financial Officer and David Reiner as Chief Accounting Officer, effective May 23, 2024. 

Since 2017, the FRISK® score has achieved a 96% success rate in accurately classifying public companies that go bankrupt. Of 191 worldwide public company bankruptcies, the FRISK® score accurately identified 183 as “high-risk” at least three months before they filed.

In this Distressed Supplier Report, the near-term fate of Enviva, Inc. is discussed: why this supplier is in trouble, which SupplyChainMonitor™ features are unearthing Enviva's hidden dangers, and the contingency plans procurement professionals must make to keep their supply chain intact in the face of the company's ballooning financial risk level.

Medical services provider Cano Health, Inc. ran out of cash and incurred a mountain of debt, part of a corporate healthcare sector spike in bankruptcies in early 2024.