Sept 18 (Reuters) - Tupperware Brands (TUP.N), opens new tab filed for bankruptcy protection in Delaware late on Tuesday, succumbing to mounting losses due to poor demand for its once popular colorful food storage containers.
Disruptions in the global supply chain have damaging effects—delayed shipments, empty shelves, businesses scrambling to keep up. It affects everyone, but for businesses, the impact is devastating.
RapidRatings Executive Chairman James Gellert spoke to Bloomberg Law on the state of private company distress. Research by RapidRatings and Marblegate Asset Management highlighted that a large portion of middle market companies (the backbone of supply chains and vendor ecosystems for the world’s largest companies) are collapsing under today’s conditions.
The FHR is not only an indicator of the default risk of a company. It is also a measure of the firm’s efficiency, competitiveness, and operational resilience.
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