The impact of inflation on business
After two years of a steady rise in inflation, businesses have been faced with higher supply chain costs and narrower profit margins. Combined with rampant loadshedding, unfavourable exchange rates and higher lending rates, every organisation has felt the effects on their bottom line.
So how does a business balance these challenges to remain profitable?
This webinar covered the key considerations for every business, including:
- Balancing price increases while defending market share
- Defending margins
- Other strategies on efficiency and effectiveness
- The potential impact of increasing inflation on your financial statements when applying certain accounting standards