Managing working capital has always been a high priority for treasurers. However, the recent supply chain stresses caused by the impact of the Covid-19 pandemic and ongoing geopolitical conflict, coupled with rising interest rates globally, have pushed it to the forefront.
According to a recent paper from Citi, the landscape faced by corporates is substantially different from that of 18 months ago. According to the report, the focus on preserving capital is increasingly paramount, prompting corporations to rethink their reliance on commercial paper issuance and revolving credit lines.
