Resilinc and CreditRiskMonitor Announce Partnership to Drive Supply Chain Resiliency
Summary
“Given current economic challenges, brought on by a global pandemic and other outside events, supply chains have been highly disrupted and companies are facing unprecedented levels of risk when it comes to suppliers,” said Bindiya Vakil, CEO of Resilinc. “The fact that we can bring our own data-driven solutions like our FRISK® score to the table with Resilinc gives their clients a no-doubt competitive advantage.” “The COVID-19 Crisis has the potential to exacerbate the current non-financial corporate debt bubble we’ve been building over the last 11 years. With worldwide non-financial corporate debt at record levels, both in absolute and relative terms, and a potential working capital crisis looming, public company bankruptcies could deal crippling blows to supply chain functions,” Flum added. Over 100 of the world’s leading organizations including IBM, General Motors, EMC, Amgen, and Western Digital rely on Resilinc’s AI-powered monitoring service to have visibility into potential supply chain disruption. Unlike other commercial credit bureaus, such as Dun & Bradstreet, CreditRiskMonitors primary expertise and focus is on financial analysis of public debt and equity companies.
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