Copying and distributing are prohibited without permission of the publisher
Demica: Lack of working capital stymies upturn
15 July 2010
Insufficient access to working capital will leave many European firms unable to take advantage of the economic upturn, says new Demica report.
Read more:
working capital Europe
recovery working capital access
Demica
supply chain finance
According to the latest research from London-based working capital solutions provider Demica, European financial directors are concerned about accessing sufficient levels of working capital in 2010. As a result, a majority (62%) believe they will be unable to make the most of economic recovery when it emerges. European corporations are faced with a number of hurdles - the unsustainable demand to extend payment terms, the looming threat of supplier failure and the withdrawal and rise in the cost of credit insurance. The continued lack of availability and tightening of traditional lines of credit have shown no sign of easing, causing further supply chain woes. The new report, which surveys over 1500 firms with over 50 employees in the UK, France and Germany, shows that, as a result, 60% of UK, 58% of German and 71% of French firms are unable to sustain any further stretching of payment terms. Ultimately, 65%...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the latest news and analysis for two days
(excluding some surveys and articles). Start your free trial today.
