Canadian Manufacturing

EP&T: Tech CEOs not prepared for economic downturn prior to pandemic

Measuring cash burn rate can help assess the ability to survive a recession

May 14, 2020  by EP&T

PHOTO: EP&T

As of March 2020, 55% of tech CEOs had not begun preparing for an economic downturn, according to a recent survey by Gartner, Inc. With technology companies globally now facing the economic impacts of the COVID-19 pandemic, measuring cash burn rate over time can help tech CEOs calculate a company’s financial runway and assess its ability to survive the current recession.

Read more from Electronic Products and Technology (EP&T), one of Canadian Manufacturing‘s sister publications.