Apr 13, 2020

Posted by & filed under Rainmakers Government Strategies.

Today Situation Status Report is attached…

Though the overall numbers are increasing, our ratio of positive results still remains right around 5%.  That’s much lower than the national average (still over 19%).

I thought this was an interesting new piece:


Figure 1. Reported signs and symptoms for all confirmed COVID 19 cases (n=1099)

Rapid testing is happening…

Governor Brown announced distribution of first COVID-19 rapid testing instruments in Rural Oregon. The first hospitals to receive the COVID-19 rapid testing instruments are Curry General Hospital in Curry County, Pioneer Memorial Hospital in Morrow County, and Lake District Hospital in Lake County. The point-of-care COVID-19 testing machines are capable of returning positive or negative test results in minutes.… Read the rest

Mar 26, 2020

Posted by & filed under Credit.

www.fdreports.com – www.creditntell.com

As part of our ongoing coverage of COVID-19, the following Special Analysis examines how the coronavirus has affected Amazon, its sellers, and the U.S. consumer.

  • Prioritization of essentials and medical merchandise is dragging deliveries of other more discretionary Prime orders by as much as a month.
  • The businesses of third party sellers are at risk as Amazon halts shipments of their product to its fulfillment centers until April 5th (unless it’s an essential product).
  • Origination of coronavirus in China already weighed on inventory levels and is leading to product shortages, even as Chinese production begins to return.
  • Mass retailers and grocers are better positioned to serve customers’ immediate needs, highlighting the benefit of a brick and mortar strategy.
Read the rest

Mar 18, 2020

Posted by & filed under Coronavirus, Uniform Commercial Code.

By Richard A. Walawender, Principle, Corporate Group Co-Leader, Miller Canfield

Many commentators have assumed that a party to a contract will be excused from performance if the coronavirus outbreak causes its inability to perform. But in order to be sure this would apply in a particular supply contract for the sale of goods, several factors need to be considered, depending on the nature of the supply contract involved.[1]

Scenario 1: Contract has no force majeure provision

If the supply contract does not contain a force majeure provision, and nothing in the contract states that one party assumes the risk of not being able to perform (as may be the case in a “take-or-pay” contract), then § 2-615 of the Uniform Commercial Code (UCC) is available as a defense against a claim of breach for failure to supply goods.… Read the rest

Mar 19, 2020

Posted by & filed under Business Credit Journal, Coronavirus, Credit.

Dear NACM CS Members,

We’re experiencing an extraordinary moment in our country and around the world – an instance where day-to-day activities and routines, both within our personal and professional lives, have been shuttered and extremely altered. What has become strikingly apparent, is the current situation with COVID-19 is fluid and information is changing by the hour or even the moment. It’s challenging to make any personal or business decisions that aren’t in question with the next hour’s developments. Rightfully, we share a collective apprehension of what was once a normal or routine business day. And, like you, we’re entirely focused on the safety and well-being of our staff, member companies, and anyone in our communities.… Read the rest

Mar 19, 2020

Posted by & filed under Business Credit Journal, Economics.

Written by: Keith Prather, Managing Director, Armada Corporate Intelligence

It is far too easy to say that these are “unprecedented times simply” and “we’ve never seen this before.” Depending on what economic or societal metrics one looks at, we can point to any number of major ‘catastrophic’ times in the country’s history and make an argument that this is the first time since those events (Great Recession, Great Depression, 1918 Spanish Flu, 1987 stock market sell-off, etc.) that we’ve seen this or that happen.

For instance, the Empire State Manufacturing report for March had the largest month-over-month decline in the history of the metric. There has been any number of record-breaking single-day point swings in the stock market.… Read the rest

Mar 18, 2020

Posted by & filed under CFDD, Education.

By Brett Hanft, CBA, American Int’l Forest Prod LLC, CFDD National Chairman

The Credit and Financial Development Division (CFDD) is an organization dedicated to providing its membership with a focus on continuing education, networking, and leadership growth for credit and finance professionals.

As a member of the CFDD Portland Chapter for 31 years, I can attest to the personal and professional growth I’ve experienced and achieved as a direct result of my active participation and involvement in CFDD. From humble beginnings where I began attending meetings to meet and network with other credit ‘peers,’ I quickly realized the value of how my engagement and involvement in this professional group would help me gain valuable knowledge, education, and insight into the world of credit and finance.… Read the rest

Mar 19, 2020

Posted by & filed under Business Credit Journal, Data Contribution.

ON-TIME. SLOW PAY. DELINQUENT.

With the ups and downs of the economy, we never know what may be coming next. Data Contribution allows NACM members to work together to manage risk.

When companies report, whether times are good or bad, it helps everyone make better credit decisions. We invite you to begin sharing your firm’s credit experience now so you are prepared for whatever lies ahead.

Meet “Best in Class” Corporate Standards

A lack of information interferes with the ability of a business to make a sound, accurate, and equitable credit decision. Sharing of credit data is an important part of being an active member of the credit community. If every business around the world reported data, commerce would grow.… Read the rest