Business and Cash Flow Management During a Crisis

June 1, 2020

How are CEOs and CFOs managing employees, operations and cash flow during the unprecedented COVID-19 crisis? 

Here we'll give you the senior management perspective first hand.

First, we present an interview with James Daly, President & CEO of Euler Hermes - Americas, moderated by Argyle Executive Forum's Jess Bozzo during a webinar, Understanding Trade Risks and Uncertainty in 2020.

During the webinar, CFOs and other senior finance leaders also answered questions about their trade risk concerns and outlook on the future. You'll find their thoughts in our infographic below as well.


Key Takeaways

Even the most seasoned CEOs and CFOs are in uncharted waters when it comes to protecting employee health, maintaining operations, managing cash flow and spotting red flags in the supply chain. Here are some points from Daly's interview and audience poll responses you may want to keep in mind:

  • Leverage connections in different geographies to get their perspective when it can inform your local practices. In Euler Hermes' case, regional management teams across the globe discussed COVID-19 before it was a pandemic, enabling US leaders to put an action plan in place in advance. 
  • Insolvencies are understandably on the rise. Communicate oftne with suppliers and customers, and build plans together so you aren't trying to manage cash flow in the dark.
  • In our poll, 43% of respondents said they are moderately changing their overall risk strategy in response to COVID-19.
  • When asked what their top financial concern was, the top response among those polled was "Decrease in customer demand." Monitor demand carefully so you stay on top of frequently changing patterns and adjust your business model accordingly.
  • More than half (57.3%) of respondents said that cash flow disruption impacting operations is the most likely consequence of encountering customer insolvencies and an increase in unpaid invoices.

Watch the webinar to learn more.

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