Case Study

Post-recession recovery – Using credit insurance to rebuild a solid foundation

Post-recession recovery – Using credit insurance to rebuild a solid foundation

Pages 2 Pages

The Great Recession drastically changed the business landscape for companies in the lumber industry. For Specialty Forest Products – a Pacific Northwest wholesaler of high-quality hardwood lumber – the downturn presented particular hardships. The company watched 65% of its industrial customers disappear at the same time that margins contracted and nonpayment risks dramatically increased. “It’s a new reality,” said Doug Konop, CFO of Specia

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