4 Critical Focus Areas for Cash Conservation in Uncertain Times
After two decades of low interest rates, many manufacturers are feeling the cold shock of a higher cost of capital for the first time. The current economic environment is less forgiving, and manufacturers will need to closely examine daily business practices in operations, supply chain, inventory management and human capital to uncover opportunities to conserve cash. Efforts to maintain and grow cash flow have taken on a greater sense of urgency. Moreover, those companies that want to not just survive but thrive in this challenging economic environment will need to evolve and focus on improvements and changes that will help drive near-term and long-term growth.
TBM leaders, Shannon Gabriel, Ken Koenemann and David Pate dive into the four critical areas within manufacturing where increased capital expenditures are stunting growth and provide recommendations to improve cost efficiencies and spur positive cash flow.
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