Month: November 2020

Experts: Be Prepared for Anything during Economic Recovery

Iowa companies may be well positioned to navigate the coronavirus, but experts say they should be prepared for surprises during what is likely to be a long and unpredictable economic recovery. Business leaders shouldn’t expect to suddenly reemerge in rosy times, they warn. Instead, plan for all contingencies, and don’t count on being able to relax anytime soon. “I think basically what’s going to happen is that the economy is going to plug along until there’s some small interruption, and then we’ll have a setback,” said Mike O’Donnell, program director for the CIRAS Manufacturing Extension Partnership. “The looming threat is that if you’re not prepared to go through a sawtooth-type recovery, then that can be dangerous. Lack of cash flow is really dangerous as a manufacturer.”