CIC Services’ Principal and CMO, Randy Sadler, has been featured in Captive International for his article examining what businesses need to consider as they face global shortages. From chemicals to fuel to baby formula, shortages are occurring in many industries. These insufficiencies highlight the vulnerabilities in supply chains that can affect businesses big and small. Unfortunately, these issues are likely to stick around, so Sadler emphasizes how to “recession-proof” your business.
How to protect your business from recession or global shortages?
Randy then lays out five ways businesses can protect themselves from a recession. You can find detailed explanations of each technique in the article.
- Consider an acquisition
- Cut higher-interest debt
- Strengthen your supply chain
- Build a cash reserve
- Know your insurance