TCC releases 2023 Economic Outlook: Serious risks for U.S. economy as recession looms
Trade Capital Corporation (TCC) has released its 2023 Economic Outlook, indicating significant risks for the U.S. economy, including inflation and demand compression as it heads toward a potential recession. TCC predicts muted GDP growth and ongoing supply chain disruptions, exacerbated by the Russo-Ukraine war. The report emphasizes the necessity for corporate leaders to enhance resilience and embrace capital-efficient business models. CEO Sanjay Bonde urges companies to preserve liquidity and adapt to rising costs. An online event discussing these strategies will occur on February 2, 2023.
- TCC identifies new opportunities in global trade with Emerging Markets due to supply chain restructuring.
- The report emphasizes the importance of liquidity preservation during economic uncertainties.
- Predictions include muted growth for U.S. GDP, indicating economic stagnation.
- Ongoing supply chain disruptions present significant operational challenges.
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TCC makes 20 predictions for the year ahead, including muted growth for
Read the full TCC 2023 Economic Outlook
“At TCC we believe ‘cash is king’. Companies need to get back to basics in these uncertain times, hedge against risks and rising prices. We see our clients want to advance purchases and their suppliers want to get paid faster. Executives would do well to embrace capital-efficient business models and preserve liquidity now, and TCC is uniquely positioned to provide both funding and supply chain efficiencies,” said
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About TCC
TCC and its wholly-owned trading arm TradeCo deliver Capital as a Service (CaaS) in an integrated supply chain technology platform. TCC’s CaaS™ solution offers access to cash flow, providing manufacturers with liquidity and capital efficiency – while its end-to-end technology platform enables procurement, logistics, warehousing, track and trace, planning and forecasting as well as integration with third-party logistics providers to deliver comprehensive, end-to-end supply chain services. TCC’s CaaS Wallet™ business suite of solutions includes the Inventory Card™, Factoring Card™ and SupplierPay Card™ to monetize and secure inventory, accelerate supplier payments and create more resilient supply chain ecosystems.
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Email: press@tradecapitalcorp.com
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