The extraordinary efforts to contain the COVID-19 outbreak have triggered a perfect storm of demand shocks and supply-chain disruptions. The ensuing cash crunch threatens companies across industries. Getting ahead of this rapidly evolving situation is proving extremely difficult, but companies still have time to control the damage.
To preserve liquidity, they need to move immediately to prepare a structured response to the cash-flow challenge to weather the storm and emerge fit and strong after the epidemic peaks. There has never been a time for companies to address their working capital management with more urgency.