The coronavirus pandemic has plunged the U.S. and global economies into dire straits. Soaring unemployment, a raft of business failures and the persistence of the virus have combined to cloud the prospects for recovery any time soon. But recent statistics from PrimeRevenue, a vendor of applications for supply-chain finance and working-capital management, offer a glimmer of good news. Turns out that that consumer spending this year might be on the rise. On this episode, we explore the data with PrimeRevenue CEO PJ Bain. He delves into the figures for purchases of both discretionary items and consumer staples. And, at the other end of the supply chain, he explains the significance of a recent uptick in the number of suppliers seeking early payment on their invoices. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
A blog post from PrimeRevenue on the state of the U.S. economy.
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