Unemployment Falls but Recession Fears Remain

Economists predict a slowdown in U.S. labor market activity this year with the continued battle of inflation and a looming recession. The current unemployment rate fell slightly lower to 3.4% in January, per the Bureau of Labor Statistics—and despite recession fears, the unemployment rate has remained historically low between 3.5 to 3.7% since Marc...
Continue reading
0
  1242 Hits
  0 Comments
Tags:
nacmblog
Tweet
1242 Hits
0 Comments

Get Promoted Without Leaving Your Company

🎯 Hardworking employees naturally seek promotions and raises as a reward for their contributions. But sometimes it can be challenging to make large career jumps at the same organization.🎤 Hear tips from Eve Sahnow, CCE; JoAnn Malz; and Jason L. Mott, CCE on today's episode of NACM's Extra Credit podcast! 
0
  1179 Hits
  0 Comments
Tags:
nacmblog
Tweet
1179 Hits
0 Comments

My First ICRM Review Session

​I'm officially finished with the fifth module of International Credit & Risk Management (ICRM) course! In this module, I learned about establishing credit lines and payment terms. I used information I learned from the previous modules to formulate my answers for the discussion posts. I received support from ICRM Instructor, Val Venable, C...
Continue reading
0
  1272 Hits
  0 Comments
Tags:
nacmblog
Tweet
1272 Hits
0 Comments

Recession Fears Remain Despite Cooled Inflation

The Federal Reserve's aggressive interest rate hikes seem to have helped cool inflation, but many businesses still feel the strain of high prices—and some economists believe a recession is the only way to bring inflation down to the 2% goal.The Consumer Price Index (CPI) measured at 6.4% year-over-year in January, a slowdown from the 7.1% in Novemb...
Continue reading
0
  1267 Hits
  0 Comments
Tags:
nacmblog
Tweet
1267 Hits
0 Comments

Most Credit Departments Still Rely on Paper Credit Applications

🎤 The latest episode of NACM's #ExtraCredit podcast is available now! Click HERE to listen. Like many industries these past few years, B2B credit has needed to adjust to a new digital reality. Most credit departments have adopted more technology and automation than ever before, except when it comes to digital credit applications. According to ...
Continue reading
0
  1187 Hits
  0 Comments
Tags:
nacmblog
Tweet
1187 Hits
0 Comments

An ICRM Student’s Balancing Act

​As I continue my journey through the International Credit & Risk Management (ICRM) course, I'm gaining more knowledge about international trade. I'm currently working through the fourth module on risk mitigation. I'm looking forward to starting module five later this week on establishing credit lines in payment terms with the hopes of getting ...
Continue reading
0
  1165 Hits
  0 Comments
Tags:
nacmblog
Tweet
1165 Hits
0 Comments

Looking Forward to Learning More

I finished NACM's Business Credit Principles course last week and received the certificate! As I submitted my very last quiz, I felt a great sense of accomplishment. The same feeling I'd get when I would run through the finish line in a track race—I would take the time to build my stamina and pace, then give it my all at the very end. As someone wh...
Continue reading
0
  1222 Hits
  0 Comments
Tags:
nacmblog
Tweet
1222 Hits
0 Comments

Sales Plummet but Credit Lines Increase, CMI shows

☀ Good morning! Get your day started with today's episode of NACM's #ExtraCredit podcast!👂 Hear from NACM Economist Amy Crews Cutts as she talks about the January CMI report ... and why she is concerned to see sales drop as credit lines increase--a sign that inflation is taking its toll on businesses.
0
  1160 Hits
  0 Comments
Tags:
nacmblog
Tweet
1160 Hits
0 Comments

The Beauty of Virtual Learning

I am going on my fourth week of the International Credit & Risk Management (ICRM) online course and I am slightly behind. Not only was I struggling with some aspects of the discussion posts but I also had a six-day family vacation in Puerto Rico. Luckily the instructor was very understanding and let me enjoy my trip while helping me with my que...
Continue reading
0
  1977 Hits
  0 Comments
Tags:
nacmblog
Tweet
1977 Hits
0 Comments

Challenges Facing the Construction Industry in 2023

🎙 Start your day with the latest episode of the Extra Credit #podcast!⭐ This week we talked with Chris Ring; Jerry Drake, CCE; and Isaac Kotila, credit support manager at Insulation Distributors, Inc. about the challenges expected to face the construction industry in 2023! 
0
  1419 Hits
  0 Comments
Tags:
nacmblog
Tweet
1419 Hits
0 Comments

Journal Entry #2: Learning from Around the World

 As I enter my third week of the International Credit & Risk Management (ICRM) online course, I'm learning more about the nitty and gritty aspects of international trade. One of the newest topics I'm learning about is financial analysis, which is a challenging subject but necessary for successful credit management. It truly ...
Continue reading
0
  1430 Hits
  0 Comments
Tags:
nacmblog
Tweet
1430 Hits
0 Comments

Journal Entry #2: Challenging Myself to Learn More

As I continue along in my Business Credit Principles journey, the concepts are starting to stick. Each concept directly or indirectly ties into the bigger picture of B2B credit. As I approach the halfway mark of the course, I am diving into the legal side of credit along with the historical context of how and when certain laws were formed.I've noti...
Continue reading
0
  1421 Hits
  0 Comments
Tags:
nacmblog
Tweet
1421 Hits
0 Comments

Listen: Get Your Credit Team Noticed by the C-Suite

It often feels like there is this invisible barrier between the credit department and the C-Suite, but it does not have to be that way. By establishing a strategic leadership culture, you will create a place where people want to work for you and where upper management recognizes your hard work. But leadership should not be confused with management ...
Continue reading
0
  1319 Hits
  0 Comments
Tags:
nacmblog
Tweet
1319 Hits
0 Comments

Journal Entry #1: Navigating International Trade Credit

I've just completed my second week of FCIB's International Credit & Risk Management (ICRM) online course and it's been nothing short of a very pleasant experience. Although I've only brushed the surface of international trade credit, I've already learned so much.In the two modules I've completed so far, I've learned about the basics of how inte...
Continue reading
0
  1647 Hits
  0 Comments
Tags:
nacmblog
Tweet
1647 Hits
0 Comments

Journal Entry #1: Grasping the Core Concepts of Credit

​I've been working here at NACM for roughly six months now as an editorial associate. I recently started working my way through the Business Credit Principles course so I could gain a better knowledge of the B2B credit topics I write about. As someone who does not have a background in credit, this course has been a lifesaver.I'm only a few modules ...
Continue reading
0
  3487 Hits
  0 Comments
Tags:
nacmblog
Tweet
3487 Hits
0 Comments

Late Payments Are Rising, When Should You Follow-Up With Customers?

🎙 Today's Extra Credit podcast features a NEW host ... NACM's Kendall Payton! We are so lucky to have her on our Editorial Team!🔥 This is an episode you won't want to miss! Learn about the latest payment trends from Adam Ross, CCE; Matthew Laux; and Martin Smith with Ash Grove Cement Company. 
0
  1149 Hits
  0 Comments
Tags:
nacmblog
Tweet
1149 Hits
0 Comments

Economic Growth Remains Strong but Subject to Change

​Economic data shows that U.S. economic growth remained steady in the last quarter of 2022. In December, payrolls rose by $223,000 while the unemployment rate fell to 3.5% and average hourly earnings eased by 0.3%, per Wells Fargo. Job openings fell to 10.46 million in November. Not only that, "ISM manufacturing fell to 48.4 in December, while the ...
Continue reading
0
  3074 Hits
  0 Comments
Tags:
nacmblog
Tweet
3074 Hits
0 Comments

European Energy Crisis Expected to Last for 2023

​The energy crisis in Europe is far from over. A recent report from the IEA stated Europe could face a major natural gas shortage of 27 billion cubic meters this year, nearly 7% of the region's annual consumption, according to CNN Business.Despite Russia's cut-off of its energy supply to Europe, the energy crisis has been kept at bay thanks to warm...
Continue reading
0
  1545 Hits
  0 Comments
Tags:
nacmblog
Tweet
1545 Hits
0 Comments

Credit Professionals Have Big Plans for 2023

☀ Start your Friday with the freshest episode of our Extra Credit podcast! This one is all about New Year's resolutions in the credit profession.🎙 Hear from Natalie Pearson and Alicia Perez Johnson!🏆 Also in this episode ... hear the winning Elevator Speech entry from Alicia Perez Johnson! 
0
  1221 Hits
  0 Comments
Tags:
nacmblog
Tweet
1221 Hits
0 Comments

Labor Market Remains Tight, But Not for Long

Despite the Fed's aggressive interest rate hikes and stubborn inflation, the labor market remains tight. The unemployment rate is sitting at a historical low of 3.7% and average hourly earnings rose 5% year-over-year, "well above a pace that would be consistent with the Federal Reserve's 2% inflation goal," reads an article from Bloomberg.However, ...
Continue reading
0
  1576 Hits
  0 Comments
Tags:
nacmblog
Tweet
1576 Hits
0 Comments
       
4 5 6 7 8 9 10 11 12 13