Stagflation is characterised as a period of stagnant economic activity and high inflation. This economic phenomenon has not been experienced in the UK for 50 years - presenting the challenge that leaders do not have recent and relevant experience on how to deal with such a circumstance.
Businesses are facing a perfect storm alongside stagflation with nervous debt markets, supply chain challenges, worsening consumer confidence and a nationwide skills shortage.
While the situation is unfamiliar and uncertain, there are tools available to businesses to ensure they are prepared and able to make informed decisions - and new ways of working are required for this novel challenge.
In our latest whitepaper, “Managing Stagflation: Tactics for surviving the twin crises of inflation and recession”, you’ll learn what the numerous macro-economic factors which are causing this environment - and what it might mean for your business. We then outline:
- How to analyse and govern a businesses which is negatively exposed to the current economic situation
- How price increases can help to mitigate some of the challenge, but are not a silver bullet
- How controlling cost and overheads can help the business protect profitability, both in the near and long term
- How good supplier management now will help to build and solidify relationships though what is a difficult time for almost all organisations
We hope you find the read helpful and informative, and we welcome the opportunity to discuss how we may help you and your teams navigate these economic challenges.