Britain's manufacturing industry is facing an unprecedented combination of a post-Covid credit, cash and costs crunch.
Already facing the burden of repaying debts incurred in the battle to weather the impact of the pandemic, manufacturers are now grappling with the demands of an economic recovery hampered by disrupted supply chains and mounting skills shortages.
This is sparking a sharp inflationary spiral that threatens to reach a level that would prove to be a tipping point for the business model of many, while companies are also facing a liquidity squeeze as customers and suppliers cling to cash or change their payment terms.
As a result, for almost half of companies, their cash position is worse now than at any point since the pandemic began, with the prospect of having to take on yet more debt to maintain normal operations or provide growth capital.
Find out more at our upcoming webinars February – March 2022 here.