Recent events likely have affected your global supply chain – but you’re not alone. Almost every industry and business is struggling with one or both of these scenarios:
- The inability to get the raw materials needed to create products
- An overabundance of products gathering dust due to decreased demand
No matter which scenario your business is facing, it’s likely affecting your bottom line. Whether it’s changes to profits and losses, erosion of margin, or difficulty managing working capital, you need the ability to handle uncertainty. These four steps can help you manage the current uncertainties and enable proactive decision-making.