Although it is hoped that the epidemic will slow down with the arrival of summer and higher temperatures, the uncertainty continues in the world of economy. That’s why SMEs should proactively resist both operational and financial difficulties and they need to take decisive steps to avoid potential risks. It is time for businesses to implement specific strategies and to put them in a cash flow that will allow them to determine exactly how much working capital they will need.
The uncertain demand and deteriorating supply chain create cash and working capital problems in businesses.
Here are some suggestions for the SMEs struggling to manage working capital: