Two years after Russia’s mass invasion of Ukraine compounded pandemic-induced supply chain chaos, volatility persists. Resilience is built by implementing robust contingency planning, data-backed agility, and closer supplier partnerships.
With over 70 elections set to stir volatility, companies must boost risk planning while avoiding short-term reactions that forfeit future adaptability.
As airline struggles show, UK PLC is still recovering lost capacity post-pandemic. Businesses must invest in resilience and clearly communicate to manage customer expectations.
The falls of Silicon Valley Bank and Credit Suisse are concerning, but now is the time to be building agility and flexibility into the business to better navigate volatility and triumph in the longer term.
Of course, the UK government must act quickly to combat climate change, but ill-thought-through schemes risk being counter-productive, effectively heaping pressure on businesses and consumers.
Doom-mongering headlines dominate, but they don’t tell the whole story – wealth inequality is growing, so aiming for either the higher or lower end of the market is strategically smart.
By embracing technology, partnering with trusted experts, horizon scanning, and running scenarios, organizations will be empowered to deal with any challenges and take advantage of opportunities in the next year.
The Government’s newly appointed tsar has suggested companies play their part and make products and services cheaper by cutting expenses in other areas, but this strategy could have long-term and hidden consequences.
What do business leaders need to re-learn or revisit to manage the business in a high inflation environment?
Consumers have come to expect prompt delivery of goods, and organizations that keep extending lead times risk losing out – but it’s a hard balance to strike, which is why strategies should include foresight.
Yes, the oil companies have profited from a perfect storm, but a windfall tax is not the answer – instead, the government should collaborate with these businesses to accelerate innovation and help the most vulnerable.
