The 2020 Mid-Year Economic Update_long

Credit Crunch in the Channel

Credit has been virtually frozen since unprecedented turmoil hit Wall Street and major banks this month. Here's what it means for distributors, manufacturers and deal-making.

 




The construction industry has been hit hard by the severe downturn in the housing market and the 160 member companies that make up the AMAROK Drywall Distributor Network are no exception. While a number of distributors are holding their own, others have seen business fall off so much that they have struggled to cover overhead.

 
Strike two: When builders started to file for bankruptcy and were unable to pay their subcontractors, the distributors'receivables fell off dramatically. Receivables have improved, but the distributors are now facing a third strike: the ...

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