Supply chain: Consolidated credit information on companies in China
Compare financial health of up to 20 companies in China as a result of a Panjiva and Sinosure agreement to deliver information on millions of Chinese manufacturers.
New York and Beijing %%MDASSML%% U.S. companies will be able to get information to help mitigate the risks of doing business in China, according to Panjiva, a provider of information on global manufacturers, and Sinosure, a provider of credit information on companies in China. The companies announced on April 29 that Panjiva will be the exclusive U.S. reseller of Sinosure’s credit reports on Chinese manufacturers, and Sinosure will be Panjiva’s exclusive provider of credit reports on Chinese manufacturers.
The cooperative product, called Panjiva SinoScreen , will help companies manage the risks they face in today’s volatile global economy, Panjiva and Sinosure say. Cooperation is designed to help U.S. companies quickly determine which of their Chinese manufacturers are at greatest risk. Leveraging various data sources, including U.S. customs data and credit information from Sinosure, Panjiva SinoScreen is said to provide customers with an easy-to-interpret analysis of a Chinese supply chain.
At a time of macroeconomic uncertainty , the lack of supply chain transparency has heightened the risk of doing business with overseas partners, the companies say. For a one-time fee, Panjiva SinoScreen will give U.S. companies insight into the stability and viability of up to 20 Chinese manufacturers.
According to Panjiva CEO Josh Green, “Companies are acutely concerned with supply chain risk and are hungry for information that will shed light on the viability of their global manufacturers.” He praised Sinosure’s information to understand the financial health of Chinese manufacturers. Sinosure is the only provider of export insurance to Chinese manufacturers and has spent years accumulating massive amounts of financial information, he says. Because Sinosure makes decisions based on analysis of this information, they have pioneered a best-in-class approach to assessing financial health, Panjiva says. Sinosure, the China Export & Credit Insurance Corp., was founded by the Chinese Government in December 2001 from the merger of the export credit insurance departments of the People’s Insurance Corp. of China (PICC) and China Export & Import Bank, the companies say.
For more information on Panjiva SinoScreen, visit panjiva.com/sinoscreen .
- Edited by Mark T. Hoske, Reed Business Information, www.mbtmag.com
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