Diane Croessmann writes in Manufacturing Best Practices in June 2020 about cash-flow strategies for manufacturers an essential need during the pandemic.
COVID-19 has created upheaval at both the personal and commercial level. As many factories and businesses re-open shuttered facilities, they are doing so without a blueprint for the yet to be defined “new normal.” In the absence of proven roadmaps, organizations need to look for methods and processes that make them more adaptable and resilient to future unforeseen events.
Essential strategies to address another pandemic outbreak will include those that protect the health and welfare of employees through work-from-home options, enhanced robotics and other enablers that limit human-to-human contact. However, other essential strategies will also be needed to effectively protect the health and welfare of basic business operations through enhanced cash flow management.