Hyper-growth can really stretch your cash resources. Investments are being made at a very fast pace and lead times open up fast between cash received and cash paid out. At a technical level the accountants call it overtrading. An entrepreneur calls it – when the s...
In a remarkable announcement covered by the FT, Mondelez International, the former Kraft snack food group, is changing its payment terms to 120 days. Wow, there’s some real arrogance right there. Cash hoarding by large groups has caused the percentage of cash relative...