t is advisable to monitor the latest news Situation of the companies very tense insolvencies | Aviation IATA fears even higher losses th | A look behind the numbers – Insolvencies Bankruptcy | Fluggesellschaften drone wagon Corona notch homer | We see In and the crisis there are still losers. In the next section you will find out more about how you can react if partner companies or customers go bankrupt. What happens if customers or suppliers file for bankruptcy? Of course it hits you hard as soon as a company with which you have a business relationship becomes insolvent. If it is one of your customers then sales will be lost.
If the bankruptcy announcement comes from a regular customer this has an even greater impact since long term planned sales are no longer available. Nevertheless this case must be taken into account from a commercial point of view and should not ruin your company. However if a company goes bankrupt Latest Mailing Database with which you have concluded a supply contract or which you have involved as a subcontractor in a project then you are in much greater difficulties. They pass on the bottlenecks that arise to your customers and not only risk your reliability. Such a situation can even threaten the existence of smaller companies.
Therefore extreme caution is required! If you recognize even small signs then seek a conversation with the management of the company concerned as quickly as possible and clarify the reasons for this. It doesn't always have to go to extremes maybe the company is in the process of restructuring and can explain delays as a result. Nevertheless in order to react quickly when an insolvency announcement is made always keep alternatives in reserve especially with suppliers and important business partners. Keep an eye on the market so that you can quickly find a replacement in the event of bankruptcy.