Resources

Listen up: Audacy, Inc., the largest radio and podcast company in the U.S., is bankrupt after years of debt financing, in reaction to macroeconomic challenges brought on by a massive decline in advertising revenue.

No two public companies are cut from the exact same cloth, yet the telltale signs of potential bankruptcy shown by craft retailer JOANN Inc. are universal: lots of leverage, recurring net losses, and negative free cash flow.

In this Distressed Supplier Report, the near-term fate of Triumph Group, Inc. is discussed: why this supplier is in trouble, which SupplyChainMonitor features are unearthing Triumph Group'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.

CreditRiskMonitor reported operating revenues of $4.8 million, an increase of approximately $245 thousand or 5%, for the third quarter of fiscal 2023 compared to the same period of fiscal 2022.

In this Bankrupt Supplier Report, the recent bankruptcy of Unique Fabricating, Inc. is explored: why this supplier was in trouble, which SupplyChainMonitor features provided early warning of the company's various risks, and what procurement professionals could have done - and must do in the future - to keep their supply chain intact when faced with financially distressed suppliers. 

WeWork Inc.'s bankruptcy was an event our subscribers were well prepared for, as the former high-flying startup was burning cash at a time of incredible disruption in the commercial real estate market.

Financial stability is the bedrock of supply continuity. In collaboration with The Hackett Group, this brochure highlights how procurement professionals can transcend the current volatile atmosphere by leveraging predictive analytics to streamline operations and eliminate unnecessary exposure.

Checked out: A heavy debt load and recurring net losses were major factors in Rite Aid Corporation's prolonged descent into bankruptcy.