Panjiva, an online information source on global manufacturers, has released its updated Manufacturer Watch List. The Watch List, which is published as part of the company's Panjiva Alerts service, helps U.S. buyers across a wide range of industries manage the risk of doing business globally by distinguishing between risky manufacturers and healthy suppliers of goods and materials. To be added to the Watch List, manufacturers must suffer a 50 percent or greater decline in volume shipped to American customers in the most recent three-month period, vs. the same period a year ago.
By analyzing U.S. Customs data on shipments from significant overseas manufacturers to significant U.S. buyers - those who send or receive 10 or more shipments per year - Panjiva reached the following conclusions:
- Nearly half of significant buyers (47 percent) have done business with a Watch List supplier within the past six months;
- More than one-third of significant buyers (38 percent) have done business with a Watch List supplier in the past three months.
- More than a quarter of all significant manufacturers (28 percent) are on the Watch List.
The company offers Panjiva Alerts to flag suppliers at risk of going under, and Panjiva Search to identify new healthy suppliers of goods and materials.
for more information: www. Panjiva.com