As the economic impacts of COVID-19 go on to unfold in the United States and all-around the environment, quite a few companies deal with hard choices. For example, a recent study of finance executives by CFO identified that fifty% of companies are scaling back or delaying investments suitable now, while 35% are laying off or furloughing personnel. Income movement is a top problem for finance executives (sixty six% of respondents), next only to the size of the economic downturn induced by COVID-19 (68%).
If your organization is slashing discretionary investing, lengthening its payables, and creating some difficult near-expression possibilities about the enterprise, you’re not on your own. Once you’ve made the most fast choices about your company’s survival, the next phase is considering the mid-expression techniques you will require to carry out around the next 3 to six months to be certain ongoing liquidity.
For this month’s metric, we talk