Supply chain disruptions can throw off a perfectly good budget, especially in 2024. 😣

Lots of CFOs are citing this as a core issue in 2024 due to global uncertainty both politically and economically.

So, how do you minimise the effects of supply chain disruptions?

🤔 Diversify the ways you source your materials or technology. 

This helps you plan for the unexpected more effectively and doesn’t derail your business if one avenue fails. 

🤝 Improve supplier relationships. 

Making sure you’re in their good books can lead to better rates and more predictability in the future.

🧐 Factor in potential disruptions. 

Forecasting and scenario planning helps you prepare contingency plans to navigate choppy waters.