As companies try to navigate choppy economic waters, the availability of capital has been highlighted as the number one challenge facing over 700 executives surveyed in the 18th AlixPartners Annual Turnaround and Transformation Survey.
This report by Criticaleye Partner AlixPartners also provides market views from its global team and insights on how business leaders can tackle the many challenges ahead of them.
90 percent of the surveyed believe that efforts by troubled companies to buy time through 'amend and extend' debt agreements are temporary solutions that do not resolve fundamental business issues.
73 percent expect global supply chain disruption to remain steady or decrease in the next 12 months.
78 percent agree that recent banking failures will further limit capital availability.