Cash Flow Drag and Securing Treasury Sovereignty As we enter the 4th quarter execution cycle, our tactical functional masterclass will focus on the cash conversion cycle, operating margins, our credit facility structure, and the leadership discipline around profitability. As the middle market across specialty manufacturing, commercial logistics, healthcare services, regional contracting, and B2B distribution continues to operate in the late 2026 economic environment, the focus has to be on the engine of daily commercial survival: Working Capital Conversion Velocity and Treasury Sovereignty. In the sections that follow, you'll find practical, effective steps and treasury regimen tools that you can implement straight away. This is a preview of practical steps that will help busy executives implement a strategy to improve working capital efficiency and financial strength. Q4 2026 is a period when the middle market ($10M to $1B revenue) operates in a highly dynamic economic en...