Credit Risk In Supply Chain

Supplier financial vulnerability continues to be a concern in the supply chain. The risk is so significant a new report urges companies to start acting like their own credit rating agencies.

“The New Weakest Link in Your Supply Chain: Supplier Credit”, a report from Oliver Wyman in collaboration with the Association for Financial Professionals (AFP) said, “Supply chain risks have moved from the province of engineers into the realm of chief financial officers and treasurers. To emerge from the global recession unscathed, companies should rethink their approach to supply chains by behaving much more like their own credit rating agencies — and fast.”

Our members now have access to worldwide credit reports and credit opinions from a top-rated service, coface North America.

Information on this and other Association Endorsed Services is available at FarmEquip.org/Endorsed_Services or by calling (314) 878-2304. ◆