Operational Causes of Financial Distress
Kirk Waldrop and Ben YoKell, managing directors of transformation at Grant Thornton LLP, discuss the operational challenges that can put a business into financial distress.
Kirk Waldrop and Ben YoKell, managing directors of transformation at Grant Thornton LLP, discuss the operational challenges that can put a business into financial distress.
They discuss the common operational challenges they see while working with clients [:40], how to identify risks and issues related to operations before entering into a new transaction [5:52], and how to execute a successful operations-led turnaround [11:15].
Throughout the interview, Waldrop and YoKell, two of Grant Thornton’s Sourcing & Supply Chain practice leaders, offer real-world examples of how operational challenges can cause distress, and how their clients have successfully addressed those issues.
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