C2FO’s Atkins Discusses the Importance of Working Capital to Mitigate Supply Chain Pressures
October 15, 2021 |
The C2FO Team
On Oct. 14, C2FO SVP of Capital Finance Chris Atkins spoke with TD Ameritrade Network about Walgreens’ earnings and how it beat estimates as COVID-19 vaccinations lift sales.
“What jumps out to us here at C2FO is that while the vaccine did power a lot of the earning speed and revenue beat, it’s how reliant a company like Walgreens is on their supply chain,” Atkins said. “Certainly suppliers are under pressure — they’re seeing labor shortages, working capital issues, blocks at the ports and inflation. So, what’s going to be critical for companies like Walgreens in the coming months is, can they get capital in the hands of their supply chain?”
Watch the full interview with TD Ameritrade here.