Oh Everything Is Messed Up Right Now: War, China Covid Curbs, Shootings, Global Supply Chain Woes, Inflation and Rising Interest Rates

©iStock/natrot

Manufacturing growth slowed last month in economies as diverse as France, Japan to Malaysia, business surveys showed recently, illustrating the challenge policymakers face in trying to combat inflation and a whole heck of a lot of other things while not stifling anaemic economic activity.

Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices.

Oh, it's everything right now, not just one thing.  What's a global business owner to do?  I [Laurel Delaney] will tell you:

1. Be an effective leader
2. Cut expenses
3. Conserve cash
4. Focus on quality
5. Control spending
6. Lower risk
7. Cut staff
8. Raise prices
9. Maintain existing profitable exports

Do most of the above, and you will at least make it through a very next rough 18 months.

from The Global Small Business Blog https://ift.tt/Pmoh5AW