Are you equipped to handle supply chain disruptions?
NM136045 • May 21, 2024
Supply chain disruptions can throw off a perfectly good budget, especially in 2024. 😣
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.
If your business is facing pressure, growth or change, the ACE Framework provides the right financial leadership making the difference between reacting and leading.
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