Improving working capital has become a focus for every CFO and is crucial to business growth and profitability, says David Taylor. Yet current strategies often fail to recognize the role accounts receivable can play in reducing the cost of working capital, while also having a positive impact on customer relationships and even the wider economy.
Global Business News
The Fortescue Hive: the heart of Fortescue’s integrated supply chain
The purpose-built facility includes Fortescue’s planning, operations and mine control teams, together with port, rail, shipping and marketing teams. The newly refurbished space allows 330 team members across Fortescue’s complete supply chain to work together, 24 hours a day, seven days a week, to deliver improved safety, reliability, efficiency and commercial outcomes.
New research reveals that Brexit uncertainty has already cost SMEs an average of over £1million in lost revenue
Rosie Bailey, Director of Business Development at CitySprint, commented: “SMEs sit right at the heart of our economy. While it’s great to see that they feel upbeat and resilient, thanks to many years spent flexing their business to suit the times, it’s clear that they also need some extra support to help navigate the specific complexities of Brexit.”