Episode Transcript
Speaker 0 00:02 Michelle Davey has been a credit manager and underwriter and for the last 20 years she's been the president of her own brokerage credit assurance. She seen from various vantage points, the impact challenging times can have on business. And she shares some stories this month on trade securely.
Speaker 1 00:20 Me I was working for, had continued to deal with them, but on a Cod basis and we couldn't get insurance on, uh, on this risk. It just wasn't going to happen until the company emerges from bankruptcy protection. And even then, I couldn't get credit insurance, so it just did not give me a whole lot of, um, uh, comfort. So at some point, uh, the buyer got in touch with me, heard that I was the one holding up the orders because of we wanted to get paid prior to the shipments going out. And, uh, so she called and said, we will remember you, Michelle Davey. And, uh, you know, and it's, uh, it was a little nerve wracking. Um, I must say, but, uh, we held strong and sure enough, within a month or two they were bankrupt. So, um, those that feel that they have the power against their suppliers will exercise, uh, some pretty heavy duty tactics, uh, so that they can get their merchandise in and, uh, and so that they can hopefully survive
Speaker 0 01:33 this month on the trade securely. Podcasts, some business practices to watch out for in challenging times.
