EuroFinance

Just as global economies were beginning to recover from the effects of the covid-19 pandemic

In practice, many FX hedging programs remain in place long after their original rationale has faded. Designed with good intentions, they often become routine—rarely questioned, seldom adapted. For treasury teams facing growing currency volatility, that’s a risk in itself.

Foreign exchange and commodity risk management in Latin America requires more than theoretical models or strict policies. For companies operating in volatile economies—with inflation, changing trade flows and structural inefficiencies—risk management must rely on operational understanding, flexibility and ongoing reassessment.

With President Trump back in the Oval Office and tariffs imposed, treasury teams are navigating the uncertainties of US economic policy. The ripple effects are already visible—countries are engaging with Washington in pursuit of bilateral trade agreements, and companies are recalibrating their models to reflect what may become a more fragmented and transactional global trading environment.

Working capital is once again coming under the spotlight. As companies deal with new supply chain disruptions and cost pressures, there is renewed focus on how internal cash can be put to better use. For many treasurers, the goal isn’t just to improve cash flow—it’s to make working capital work harder for the business.

As volatility returns to global markets and central banks walk a fine line between tightening and easing, liquidity has reemerged as a top concern for treasury professionals.

What keeps treasury teams up at night? According to poll data from the 2025 EuroFinance Summit in Miami, it’s everything from inflation and trade wars to payment headaches in Argentina and vendor delays in tech rollouts.

Whether building from scratch, scaling at speed, or embedding innovation across a global firm, these treasury leaders are clear-eyed about the future. As their roles expand and the demands increase, they’re staying focused on what matters most: smart people, flexible systems, and a commitment to delivering value, no matter how fast the world changes.

The tariffs under President Trump have brought back familiar challenges-but this time, treasury teams are better prepared. With tools ranging from scenario-driven forecasting and real-time FX hedging to digital financing and network collaboration, corporate treasury is no longer just managing trade risk, it’s helping define the business response.