TechRound, “How to Conserve Cash in the Face of Major Disruptions,”

The unravelling coronavirus pandemic is disrupting supply chains and altering consumer behaviour. To insulate themselves from the ravages of market and economic volatility, companies are rushing to hoard cash in order to remain sufficiently capitalised. A substantial number of companies are increasing their credit capacity (Royal Caribbean upped theirs by $550 million on March 10, 2020 for example). Before reaching out to the external markets, The Hackett Group recommends that companies look at freeing up cash from existing operations, as the latest working capital study indicates the top 1,000 US companies now have over $1.3 trillion tied up in excess working capital.