Part 3/16:
Particularly concerning is the rise in mega bankruptcies—those involving firms with over $1 billion in assets—which reached levels unseen since the pandemic in 2020. Major industries such as manufacturing and services are hardest hit, collectively accounting for over half of all bankruptcies (30% manufacturing and 24% services). This indicates that even in what is perceived as a “soft landing” economy, many large corporations are crumbling under the weight of financial strain.