Inflation is the highest it’s been in decades, standing at 8.3% as of August 2022. Sky high prices have plagued the United States economy for months, pinching the wallets of millions of households and forcing the Federal Reserve to hike rates in attempts to cool it all down. Consumer budgets have been hit hard by everything from housing costs to filling up a gas tank.
For businesses, the bottom line can be impacted drastically. And we’re all left wondering… what’s next and what can we do to prepare?
In this livestream session with co-hosts Greg White and Scott Luton, Ranga Bodla, Vice President of Field Engagement and Marketing at Netsuite, talks about:
• How the general sentiment about the economy is changing and what kinds of signals people are watching for a sense of direction
• Broadly impactful input costs like energy and shipping containers
• Ways in which inventory management strategies continue to challenge businesses
Additional Links & Resources:
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Leveraging Logistics and Supply Chain for Ukraine: https://vectorgl.com/stand-with-ukraine/
2022 Q3 U.S. Bank Freight Payment Index: https://freight.usbank.com
WEBINAR- Undermanaged Spend Categories: How GPOs Can Help Mitigate Your Risks: https://bit.ly/3SM5WeK
WEBINAR- Supply Chain Planning: Growing your Process Maturity in 2023: https://bit.ly/3T9esEj
This episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/how-navigate-inflation-changing-economy-1022