RapidRatings Recognized by Gartner in Four Recent Reports
July 10, 2020
RapidRatings has been named in four Industry Context reports accompanying Gartner’s Magic Quadrant for Manufacturing Execution Systems
New York, NY – RapidRatings, the leading provider of financial health assessments, today announced that the company has been recognized by Gartner in four recent Industry Context reports accompanying the Magic Quadrant for Manufacturing Execution Systems.
RapidRatings was named in the following Industry Context reports: Aerospace And Defense Context: ‘Magic Quadrant for Manufacturing Execution Systems’, Food and Beverage Context: ‘Magic Quadrant for Manufacturing Execution Systems’, Automotive Context: ‘Magic Quadrant for Manufacturing Execution Systems’ and Electronics/Semiconductor Context: ‘Magic Quadrant for Manufacturing Execution Systems,’ (Gartner subscription required).
According to the reports, “Market pressures toward consolidation are strongly affecting this market, so financial viability is critical to ensure that the vendor has the resources to continue serving clients and growing the business.”
CEO and Co-Founder of RapidRatings, James H. Gellert, noted, “Any black swan event will accelerate and exacerbate pre-existing areas of risk for procurement organizations and the counterparties they depend on; COVID-19 is no exception. As a result, we’re seeing companies take more action by investing in new risk management tools—to find supply chain opportunities in a dynamic market where transparency and accuracy matter more than ever.”
In the When and How to Support Suppliers in Financial Distress report, Gartner provides, “Companies can be blindsided by financial failures in their supply base, driven by the COVID-19 pandemic and economic downturn. This research provides CPOs with guidance on how to spot supplier financial distress signals and the different actions they can take to help suppliers during this crisis.” The supplier collaboration theme is addressed further in Gartner’s Effective Supplier Communications During the COVID-19 Crisis, stating “business volatility created by COVID-19 requires organizations to take a proactive approach to communicating with its supply base amid uncertainty.”
In April of this year, RapidRatings published the COVID-19 Supplier Dialogue, to help organizations better collaborate with third-parties and strengthen operational resiliency across their supply chains.
Gartner, “Aerospace and Defense Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa, 29 October 2019.
Gartner, “Food and Beverage Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa, 25 November 2019.
Gartner, “Automotive Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa, 29 October 2019.
Gartner, “Electronics/Semiconductor Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” Rick Franzosa, 16 December 2019.
Gartner, “When and How to Support Suppliers in Financial Distress’,” Miguel Cossio, 17 April 2020. Gartner, “Effective Supplier Communications During the COVID-19 Crisis’,” Miguel Cossio, Caroline Chumakov, 20 April 2020.
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RapidRatings® sets the standard for financial health transparency between business partners, transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of private and public companies. The company’s predictive analytics provide insights into how suppliers, vendors, and other third parties are likely to perform. For more information, visit www.rapidratings.com.
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