Growing Business Despite Inflation
Going into the Christmas break, we will be discussing a series of topics on how inflation impacts your business. Throughout our usual onboarding process with new clients, we spend much of our time evaluating their strengths and capacity to be successful in providing goods and services to governments. Nowadays, we spend a lot of time examining their fears of inflation and recession. Those fears may not always be openly expressed by their management teams, but they are always there – undercurrent to every single plan, project or action on their dashboards.
Inflation is – and some would argue – inflation is “only” a rise in the price of goods and services. Economists debate that it is not necessarily a good thing or a bad thing. It’s just a thing. Inflation is a reflection of shifts and reactions to shifts in an otherwise healthy economy. Unlike a recession, inflation should dictate more operational creativity. More service innovation instead of panic and restriction.
Meanwhile, government agencies doing the day-to-day business of serving public and civic demand, continue their work as usual. What does that mean for you? What can that mean for you?
Stay tuned. Let’s talk.
The VendorshipJourney TM is powered by more than 65 years of high-level executive government management, procurement and appropriations experience to better position any company, large or small, to sustain valuable longer-term partnerships with government to satisfy the shifting dynamics of constituent need.