As businesses continue to struggle with supply chain issues, rising inflation, and a looming recession, experts predict we’ll start to see a rise in corporate bankruptcies. In the first half of 2022, 60% of bankruptcy filings came from private companies. That's a startling statistic when you consider that most supply chains are made up of small private companies. It won't be long until business feel the ripple through their supply chain as these companies begin to struggle. When businesses do not understand the financial resiliency of their supply chain partners, they become vulnerable to disruptions.
To learn more about the rise in corporate bankruptcies and its impact on supply chains, download our infographic.