RapidRatings Knowledge Center & Articles

We kicked off the summer at Procurement & Supply Chain LIVE in Chicago, where thousands of industry leaders gathered to discuss strategies and solutions for mitigating today’s supply chain risk. As a risk solution provider, RapidRatings sponsored the event and was given the space and stage to spotlight our FHR solution and share our expertise with a network of supply chain professionals.

With the current tariff levels reduced to a 30% tariff on Chinese goods and a continued 10% universal tariff, we’ve updated our analysis to reflect what businesses are experiencing today, and what they should brace for next.

This issues key takeaways: 81% of supply chain and procurement professionals had their business impacted by supplier disruption in the past two years—before tariffs. 62% of respondents reported high or very high levels of risk in their supply chains in 2024.30% of supply chain disruptions cost over $5 million.

RapidRatings has been steadily tracking semiconductor supplier Wolfspeed's financial decline for many years, and thanks to the FHR, we spotted the downfall early.

This issue's key takeaways: Tariffs could cause a 111% increase in private companies classified as high or very-high risk. High and very-high risk public companies could jump by 57%. The Financial Health Ratings of public and private companies could decline by as much 7.4 and 15.7 points, respectively