ESTABLISH A CASH MANAGEMENT OFFICE Companies need to establish a dedicated office, akin to a war room, that is explicitly responsible for managing short-term liquidity. The office serves as a single source of consistent and accurate information about the company’s cash situation. It should have a direct line to the CFO and access to the […]
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Companies that master both the transitory and the transformational response to a crisis reap long-term rewards. Transitory responses entail rapid actions that are critical for survival, including protecting employees, managing cash, and flexing supply chains to meet demand. But occupying new positions and building new advantages requires transformational moves and investment. In a crisis, when the immediate response can be
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From Merrill Lynch re: GDP: We expect a 30% qoq saar decline in 2Q. Following the 1Q GDP report, our forecast for annual GDP growth this year was adjusted to -6.0%. [SAAR May 1 estimate] Merrill Capital Market Outlook The forecasts in the table above are the base line view from BofA Global Research team.
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