Corporates in the Americas, like their counterparts globally, are challenged to optimise liquidity, improve working capital and manage risk to succeed in today’s turbulent economic times. The weakening of the US financial services sector has created a multitude of uncertainties in the Americas and globally, says David Conroy, Americas Head of Trade Finance and Cash Management Corporates, Global Transaction Banking, Deutsche Bank.
What are some of the key trends that will impact Americas-based corporate treasurers?
Corporate treasurers in the Americas and in the world at large are experiencing today a “balance sheet recession”. The drying up credit supply has slowed the growth of many corporates in the Americas, but there is still an extraordinary amount of opportunity in this region. At the same time, increased opportunities for top line revenue growth are now in emerging markets such as Brazil, a region that is growing at tremendous rates with this country representing more than one-third of the market size for South America. Economic turmoil has led corporates across all industry sectors to alter their cash management strategy.