In an inflationary environment, businesses face increased costs. These costs may be things such as higher prices for raw materials, labour, and loan repayments. These increased costs are likely to put a strain on your budget. To manage costs effectively, business owners need to employ several strategies.
Australia’s inflation rate has fallen since its peak in December. The annual price increases for the year to March have decreased from 7.8% to 7%.
This year, we have seen a great deal of turbulence in the share market. After falling sharply in mid-June, share markets experienced a brief window of recovery in mid-August reversing half of their declines.
With the cost of living rising and prices increasing in every sector, we have been receiving questions from several of our clients about how best to combat inflation.
Help your business minimise the rate of inflation: Evaluate Your Supply Chain Risks A few key vulnerabilities to look out for regarding supply chain risk during times of inflation include…