Report: Food and Beverage Firms Set for Cash Windfall
U.S. food and beverage manufacturers are set to enjoy an average cash windfall of $94,000 as they get back on track after last year’s overstocking crisis, this is according to The Cash Flow and Overstock Report by inventory management software provider Unleashed. The company is basing this after analyzing 381,000 products, ingredients and components stocked by more than 1,800 firms across North America, the UK, Australia and New Zealand.
Jarrod Adam, head of product at Unleashed, says, “Firms last year were forced to stockpile in response to supply chain shocks. But that's had serious cash flow impacts. Now the challenge for many is freeing up cash flow as economic conditions tighten—and the good news is the money is there, when you look closely at the numbers.”