We rate public and private companies with private companies from about 170 countries. And the private companies, those middle market companies, are generally speaking still having to pay their suppliers upstream at an accelerated pace. So those middle market companies have had cash conversion cycles, depending on the industry, gap out over the last few years almost a month. So the COVID period was an interesting one because obviously affected all companies, different, different industries, different ways, but it basically affected all companies. The post Cash Conversion Cycle Warning: Middle-Market Squeeze Revealed appeared first on FreightWaves.