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Supply chain radar: As WFS grows, counterparty risk and losses mount – needs a plan B

plan B

“A picture is worth a thousand words” is an English saying that perfectly fits the Worldwide Flight Services (WFS) story.

Look at the one below.

(Source WFS)

Let’s consider that the numbers included in the table above and associated to bad debt, provisions, restructuring costs and other one-off items would be easy to swallow if it were business as usual for WFS. But it’s not, despite the headline growth figures.

The group yesterday said: “WFS reported a revenue increase of 8.6% year-on-year in …

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