May 17, 2020

D&B tackles country-wide insolvency rates

Supply Chain Digital
Dun & Bradstreet
Risk Management
Risk Management
Freddie Pierce
3 min
Dun & Bradstreet’s report on insolvency rates within each country gives suppliers a heads up in risk management practices
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The innovative minds at Dun & Bradstreet have done it again. Seeking to find future economic data relating to insolvency (or bankruptcy) rates from the world’s major countries, the research firm released its Global Business Failure report, detailing countries fairing well (and not so well) in the current economic climate.

The study pinpoints exactly where supply chain managers want to source their supplies from in the immediate future, and which areas they should look to avoid.


“The nerve that this is hitting for people is that five years ago, nobody paid any attention to supply risk,” Jim Lawton of Dun & Bradstreet said. “2007 really put this on peoples’ radar screens.”

The study aims to take looks at insolvency rates in each country, which Lawton thinks is sometimes a better indicator than looking just at the bankruptcy likelihood of a company. Having dual sources of supply does no good when they’re located in the same country and an event like the Japan disaster takes place.

“Time after time after time, senior procurement professionals are realizing that their ability to meet Wall Street’s expectations is at risk as a result of the countries that they’re doing business with,” Lawton explains.

Satminder Ramewal was part of the Dun & Bradstreet Country Risk team that helped put together the report, which lists Australia, Portugal and the United Kingdom as danger zones when looking for suppliers.

“The cost-cutting measures that the UK government has started to implement are not going to help growth, and that’s going to cause bankruptcy in the UK to rise,” Ramewal said, citing the report.

Lawton explains, however, that these high-risk zones don’t always need to be abandoned altogether.

“Obviously you want to avoid the risk if you can, but in some situations, you don’t have a choice,” Lawton said. “If there are compelling reasons to do business there, make sure you have plans in place to protect your company.”

Examples of protection strategies include monitoring the situation, asking suppliers for their individual financial solvency and building additional inventory to use should a situation arise.

Not every country is showing significant sourcing risk, however. Germany’s export-driven economy is thriving, driving down insolvency rates.

“Because (Germany’s) economy is quite buoyant, the number of bankruptcies is going to be less, because everyone is benefitting there as a whole,” Ramewal said.

Canada has also shown a falling insolvency risk, making it another prime location from which to source materials.

The bottom line, however, is that a nation’s economy can make doing business with them a more friendly, less complicated procedure.

“If you think about the best places to get sources of supply, there’s a lot of consistency between where you would want to be doing business with and the country’s economic outlook,” Lawton said. “With a strong economy comes infrastructure improvements and judicial competency. If I can’t litigate against potential breaches of contract, then that contract is worth less than the paper it’s written on.

“Countries like Germany are the types of countries that you want to be looking at from a sourcing perspective.”

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Jul 30, 2021

The Ultimate Procurement & Supply Chain Event

3 min
Take a look at our agenda for Procurement & Supply Chain Live, where innovation meets implementation, coming to you live from London

From September 28th-30th, network with C-level executives, gain insight from industry pioneers and walk away with actionable insights that accelerate your career. By the end of the week, we promise you’ll have the skills to solve the world’s most pressing supply chain and procurement challenges. 

The three-day show is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats. Whether you attend virtually or in person, you’ll strategise how to cope with global disruption, learn from industry leaders, and walk away with tips, tactics, and tangible connections. 


How to Attend


In a COVID-disrupted era, we know that the majority of people would rather avoid travelling for events─why take the risk, right? In response to the continued disruption, BizClik Media Group has decided that Procurement & Supply Chain LIVE will offer the best of both worlds through hybrid accessibility. 

That means you and your peers can attend the event in person or virtually ─ with no disadvantages for people who choose not to make the trip to the Tobacco Dock venue. 




Procurement & Supply Chain LIVE will be held at the Tobacco Dock in London, an industry-leading venue that is renowned for delivering world-class events. For attendees’ peace of mind, the venue is working to the government-endorsed AEV All Secure Framework, alongside mia’s AIM Secure and ‘Good to Go’ accreditation, they will ensure that we achieve a COVID-secure environment to facilitate all of your networking needs. 




Our physical venue is both historic and stunning, but it has no bearing on the information that you and your peers can gain from the event. You can still absorb it all, interact with other attendees, and enjoy the conference experience on your alternative, virtual platform. 

The platform will feature live feeds from all of the stages, as well as virtual networking areas. So, if you want to avoid travel, it’s not a problem! You can still get involved and enjoy the entire experience from the comfort of your own home. 


What’s on the agenda?


With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, Procurement & Supply Chain 2021 will expand your network, deliver insight, and enhance your organisation’s reach. 

Across the three-day event, a number of relevant topics and trends surrounding procurement and supply chain will be discussed. 


  • Tuesday 28 September - Digital supply chain
  • Procurement strategy (11:30 am)
  • Supply chain leaders forum (12:00 pm)
  • Women in supply chain (14:00 pm)
  • Procurement technology (14:30 pm) 
  • Wednesday 29 September - Procurement consulting
  • Sustainability (11:30 am) 
  • Supply chain management (12:00 pm) 
  • Digitalisation (14:00 pm)
  • Risk & Resilience (14:30 pm)
  • Thursday 30 September - APAC sessions (04:00 am)


Influential executives from around the world will give their insights and professional experiences surrounding these topics, allowing you and your company to leave with valuable information. 

The past year has shown how important supply chains are and the importance of managing them correctly. With increasing digitalisation across all industries, you won’t want to miss out on our great speakers and information surrounding this topic. Preparing your company for the future is key, and we are sure you will gain great insights at our three-day event. 

Order now to make the most of our early-bird offer. Ticket prices increase over 50% soon! For tickets and information, head over to our event site.

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