As the world economy has changed radically in the last + 1 year, where a shortage of products, raw materials, and energy, together with a challenging supply chain situation has sent inflation to a level not seen in 40 years. All these factors have given us reason to believe in a very likely recession in the economy locally and globally.
Consumers have also responded negatively as a consequence of increased prices and an increasing belief in an economic crisis. Hence many companies will experience a halt in consumer demand and so a lower if not negative growth in turnover. Furthermore, the ongoing inflation will push the possibility of a recession even more. The questions are, what can you do as a company to prepare for this possible recession, what markets will be affected most and what can you do as a business to avoid a large negative impact – and how do you address continued inflation? These questions are what this workshop is about.
SPECIFIC ISSUES AND KNOWLEDGE NEEDED TO MAKE DECISIONS
- Addressing inflation as a business.
- Tools and methods to address a decrease in demand and keep the company agile to an optional increase.
- What markets are likely to be most affected?
- The most relevant economic indicators to observe for your business/industry.
- Retaining employees.