FHRX carroll comms blog imagery-10The world’s supply chains have never been more interdependent as they are today. And as a global pandemic continues to redefine modern commerce, one thing is certain—to have stronger suppliers, we need stronger relationships with suppliers.
 
I spoke with Byron Carroll, President and Founder of Carroll Communications, Inc—a US-based, veteran-owned small business. By incorporating a data-based, objective assessment, his company has grown three-fold against a commercial environment like no other. That success has also brought myriad benefits to both downstream clients and upstream suppliers—for a more resilient chain and partnership ecosystem, overall.
 
Carroll Communications—awarded a new Department of VA contract in Texas (for the Installation of new Access Control/Physical Security Card Readers)—has been using The FHR Exchange™ and their own Financial Health Rating to advance those partnerships across the globe.
 
In fact, they’ve seen record growth and recognition since joining—launching a Spanish-language website for expanded demand in Central and South America, while also winning the Department of Defense’s FY 2020 Nunn-Perry Award for DMCA (recognizing excellence in the DOD Mentor Protégé Program).
 

Read our full conversation below.

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 As the world gradually reopens, suppliers of all sizes are seizing new opportunities to help large enterprise clients meet demand forecasts and create new, long-lasting partnerships.

Carroll Communications—recently awarded a new Department of VA contract in Texas (for the Installation of new Access Control/Physical Security Card Readers)—has been using The FHR Network and their own Financial Health Rating to advance those partnerships across the globe.

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In December, we wrote an open letter to private company suppliers around the world.

The world’s supply chain has never been more interdependent as it is today. And as a global pandemic continues to redefine modern commerce, one thing is certain—to have stronger suppliers, we need stronger relationships with suppliers.

(more…)

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RapidRatings Listed in the Spend Matters Almanac and ProcureTech100 for 2021

For many companies around the world, this October has been a defining month.  

Beyond the typical trappings that come with any budget season, there are new, late-stage pandemic priorities, adjustments, and concerns that are top-of-mind for chiefs of sourcing, procurement, risk, and finance. 

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Last year, we predicted that the pandemic would exacerbate pre-existing weaknesses in the financial health of both public and private companies across industries. Among 24 out of 30 industry categories, there was an average six-point drop in core health from YE ‘19 to YE ‘20. This type of fundamental deterioration of US corporates is significant.

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