CEO Today - August 2023

“The hard learned financial lessons of the pandemic remain in effect. Cash flow, access to capital and a diversified supply chain create the financial foundation to manage through any downturn without having to make dramatic cuts.” The foundation for business growth, whether in a recession or not, requires four key areas of focus: 1.Fiscal discipline The hard learned financial lessons of the pandemic remain in effect. Cash flow, access to capital and a diversified supply chain create the financial foundation to manage through any downturn without having to make dramatic cuts. Inflation will force a continued increase in costs that must be managed through strategic price increases. Rising interest rates will make CEOs consider investment decisions that have a clear ROI. The cost of labour will continue to increase, however, cutting headcount should be a last resort. 2. Operational execution The ability to operate at full capacity requires a fully staffed, trained and experienced organisation powered

RkJQdWJsaXNoZXIy Mjk3Mzkz