Corra Group is Seeing Increase in Due Diligence Requests in Response to the Global Economic Slowdown
Corra Group finds that the global economic slowdown and fear of recession has created an increased demand for the background checking company's due diligence services.
EL SEGUNDO, Calif., Oct. 9, 2019 /PRNewswire-PRWeb/ -- Corra Group is experiencing a marked increase in Due Diligence orders as the Global Market continues its slowdown and fears of a recession are on the increase. According to many sources, including a recent article in Forbes Magazine, entitled "A Strange New World: Economic Slowdown, Liquidity Issues," liquidity issues and decreases in manufacturing and production are creating instability in the global market.
"Corra Group offers a complete suite of background checks to address due diligence, intelligence gathering, and business research," said Corra Group Co-Founder, Gordon Basichis. "Our clients are increasingly concerned with the increased market volatility, and they are requesting our background checking services both domestically and around the world. We are getting additional queries from new and potential clients, wanting to discuss the best approach to hedge against any negatives in their current and future endeavors.
"Let's face it, many businesses were stung severely during the Great Recession," said Basichis. "Ten years ago, far too many business people believed that money would remain plentiful and that vendors would be able to service them and customers would pay their bills. And then they discovered that wasn't necessarily the case. Some were terribly damaged and those that survived sometimes saw their associates and competition go out of business. I think it's fair to say they are not looking for a repeat performance."
Basichis noted that Corra Group can customize due diligence background screening packages to meet its clients" budgets and requirements for both domestic and international searches. He listed such vital searches as criminal and civil records searches, asset searches, reputational searches, as part of the essential due diligence process.
"In today's world, with the global economy, often our research and investigation may begin domestically but will extend internationally and to different countries," said Basichis. "Or it can be the other way around, where there is the need for international background checks as the research is initiated in foreign countries, and then we find the need to research the principals and their corporate affiliates that are also operating in the United States.
"Due Diligence searches are not really a one-size-fits-all component," said Basichis. "To be thorough, we at Corra Group must listen to our client's concerns and their pain points. We must understand their objectives. And then we must customize a comprehensive due diligence program that will help our clients avoid any pitfalls while meeting their goals."
Basichis remarked that he does not expect the global economic volatility to subside anytime in the near future. "The dark clouds are forming," said Basichis. "But businesses must continue to do business. "Just be sure to buy an umbrella, so you don't get caught in the storm."
BACKGROUND: Corra operates as Corra Group and Corra Global Research and specializes in employment screening and corporate research and due diligence. It is one of the few companies that will answer the phone. You can review the website at http://www.corragroup.com.
SOURCE Corra Group
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