Johnstone Supply was experiencing rapid growth but was looking for a solution to minimize the credit risks that come with taking on new clients. Trade credit insurance helped them expand aggressively and safely.
Faced with the often unpredictable business challenges presented by globalization, changing consumer behavior, and key demographic shifts, Del Campo Premium, Inc. added credit insurance to its risk management strategy to proactively mitigate risk as it grows its top line.
Caught up in an extended decline in the lumber industry sparked by the Great Recession, Specialty Forest Products suffered a significant customer loss and bad debt increase. Trade credit insurance helped jump-start its recovery.
International Fleet Sales realized future success would depend on its ability to reduce concentration risk. A flexible credit insurance policy supported the company’s unique business structure while also sharpening its competitive edge.
When costs in the volatile scrap metal industry began to soar above historic norms, Utah Metal Works realized its strategy of using a bad debt reserve to self-insure was becoming increasingly inefficient and still left the company vulnerable to catastrophic losses. Credit insurance provided the company with the protection it needed, along with other benefits.
Faced with regular market fluctuations, lumber companies need to be particularly vigilant about the potential risks within their client bases. As the foundation of its proactive risk management approach, Weston Forest Products uses credit insurance to accurately monitor its customers’ financial health and protect its business against bad debt.
17 results
Get economic & trade content in your inbox
We're always producing new content to help businesses understand economic trends and navigate trade uncertainty.
Sign up for our newsletters to make sure you don't miss anything.