This paper examines various forecasting models used to predict business crises in the automotive and electronic manufacturing industries, with a focus on German companies. By comparing the performance of these models, we aim to identify the best approach for each industry. We also discuss real-world business case scenarios to demonstrate the practical implications of our findings, including the role of risk management in supply chain and procurement departments. Our results show that the most effective model for forecasting crises in the automotive industry is the VAR model, while the EWS model is best suited for the electronic manufacturing industry. Furthermore, we identify key risk factors that supply chain and procurement departments must consider enhancing their resilience in the face of crises.
