Your direct suppliers and customers are incredibly valuable to your business, but supply chains don't end there. ?A disruption at your suppliers’ suppliers or your customers' customers can be equally disruptive to your business. The air transportation industry's supply chain travels from metal miners, producing things like bauxite, alumina, and, eventually, aluminum, to the vacationers and business travelers that are transported by airlines. Along the way are parts makers, like 黄霑张国荣Spirit AeroSystems黄霑张国荣, engine makers, such as 黄霑张国荣General Electric Company黄霑张国荣, airplane manufacturers, such as 黄霑张国荣Boeing Co黄霑张国荣., lessor companies, including 黄霑张国荣Aercap Holdings N.V.黄霑张国荣, and airlines, like 黄霑张国荣Virgin Australia Holdings Ltd黄霑张国荣. And that's just a high-level view. Problems can arise anywhere along the supply chain.
Today, the spread of COVID-19 has led to a severe drop in demand for air travel. That has impacted airlines, which are canceling plane orders and putting unused aircraft into storage. With reduced revenues, airlines are having trouble covering the financing and maintenance costs related to their aircraft fleets. With fewer orders, aircraft manufacturers are cutting back production, which means less revenue for them and their suppliers. With suppliers pulling back, there's less demand for base materials.?
2020 has seen many high-profile bankruptcies – like Virgin Australia – that were predictable for CreditRiskMonitor subscribers who leverage our proprietary FRISK? score to alert them to danger day in and day out.
Your time is valuable and your supply chain is complicated. When you step back and look at your supply chain in its entirety, there is likely to be a vast array of links chained to your business. You need to periodically examine all of them in the most effective and time-efficient manner. The CreditRiskMonitor service was created to track financial risk quickly and conveniently, using the FRISK? score and other resources to highlight the risks associated with your highest dollar accounts. This method allows you to focus your efforts where they will have the most benefit. Contact us today to see how CreditRiskMonitor can help you keep on top of the risks in your supply chain.