As global uncertainty and market instability disrupts the production industry – not to mention the lasting impact of the COVID-19 crisis – manufacturers are realising the importance of ensuring sufficient cash flow to combat crunches in working capital.
You’re probably already tightening your inflow process – shortening your accounts receivable period to bring money into the business quicker. You’ll also have looked into reducing your inventory to release money tied up in stock. And you probably have funding options in place – giving you access to affordable cash.
Of course, it’s not just manufacturers that need steady cash flow. Businesses of all kinds need available funds to keep the lights on during uncertain times. So, what new insights can you learn from them?
We spoke with businesses in different sectors to see how they deal with disruption. We wanted to know how they manage cash flow to keep their businesses running, and also ensure they have funds to invest in growth opportunities when they arise.