60% of all companies that run out of business report that their failure was due to a lack of liquidity. In the face of business uncertainty, manufacturers have sharpened their focus on optimising cash flow and liquidity – reducing outgoings, and converting your inventory to sales. Operational visibility of your cash position enables you to adopt the right finance strategy at the right time.
Join us as we take a look at the latest economic indicators for British manufacturing to assess the risks and opportunities facing the sector. Featuring special guests Frances Haque, Chief Economist, Santander and James Blackman, President of Lichfield & Tamworth Chamber of Commerce & Industry, we take in both the macroeconomic big picture as well as life in the real economy – and look at the following key issue:
- Economic update: how bad is it now – and when will it get better?
- What does current supply chain liquidity say about the state of the economy?
- The dash for cash: practical steps manufacturers can take to shore up their financial position