Coface announced today the appointment of Lars Wallin as Head of Banks and Financial Institutions for the North America Region (NAR). Lars joins the Coface team to oversee the rapidly growing banking and financial institution segment which has found increasing value in Coface’s customizable trade credit insurance and business information offerings.
Growing a business while minimizing risk isn’t easy. The constant monitoring of new and existing suppliers can certainly lead to one (or many) sleepless nights. For many companies, active risk monitoring requires filtering through many data sources in an attempt to connect the dots and distill data into actionable insights. And then to keep doing it – over and over again.
All the leading indicators point to a sharp slowdown in activity in North America and the Eurozone towards the end of the year, and the recovery of the Chinese economy has rapidly collided with structural weaknesses and a lack of confidence among households and businesses. In this context, we have modified 7 country risk assessments (2 upgrades and 5 downgrades) and 33 sector risk assessments (17 upgrades and 16 downgrades). More in our latest barometer.
As we enter the fourth quarter for 2023, its time to look back on our economic bingo card to see what predictions delivered and what surprises stole our attention. At the start the year, Coface North America Economist Ruben Nizard outlined a trajectory for the region. Among the forecast included easing inflation and a U.S. economy avoiding recession despite mounting challenges.
As many COVID-19 support measures end and the impact of energy subsidies stabilizes, Coface’s 2023 Germany Corporate Payment Survey reveals an increase in the number of companies (76%) reporting payment delays this year. Learn more in our full publication.
Join us at the National Association of Credit Management's 127th Credit Congress & Expo on June 11-14 in Grapevine, Texas.