ACMA wish list for PM task force to tide over the corona crisis

“With cautious buying sentiment domestically and lockdowns in major export markets, component manufacturers’ working capital to convert to revenues is estimated to touch 90 days (from 56 days in 2019). This shall render manufacturers’ ability to purchase raw materials and utilities null," ACMA said.

from Auto-Industry-Economic Times https://ift.tt/3bmOkk6