Cash is king; now more than ever
The global pandemic has caused unprecedented and widespread disruption to the world economy, affecting business operations worldwide with significant impact on trade, business growth, and profitability. The cascading effects of a supply vacuum, instinctive reduction of shipping capacity by global carriers, and consequent over-reliance on airfreight have greatly increased organizations’ logistics costs.
With the disruptions brought about by the global pandemic, as well as by major demographic, technology, and market trends, retail and grocery chains are struggling to conserve cash and liquidity. This paper talks about these current challenges and presents several strategies to tackle them successfully.