By David Pate, Shannon Gabriel
After two decades of low-interest rates, many manufacturers are feeling the cold shock of a higher cost of capital for the first time. The current economic environment is less forgiving, and manufacturers will need to closely examine daily business practices in operations, supply chain, inventory management, and human capital to uncover opportunities to conserve cash. Efforts to maintain and grow cash flow have taken on a greater sense of urgency. Moreover, those companies that want to not just survive but thrive in this challenging economic environment will need to evolve and focus on improvements and changes that will help drive near-term and long-term growth.
TBM leaders, Shannon Gabriel, and David Pate dive into the four critical areas within manufacturing where the cost of capital is stunting growth and provide recommendations to improve cost efficiencies and spur positive cash flow.
Complete the form to download “Don’t Let the High Cost of Capital Stunt Manufacturing Growth” and learn how to evolve your playbook to focus on innovation, efficiency, and resiliency in uncertain economic times.
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