Are we entering a Global Business Crisis?
Businesses around the globe continue to grapple with inflation brought on by the pandemic as well as commodity price increases brought on by disruptions to the supply chain. Amidst this ongoing volatility are the new consequences arising from the Russia-Ukraine crisis that could leave the world facing extended reductions to energy supply, severe sanctions that will likely impact food security as well as rare metal supplies needed to sustain production of key technologies. All of this, coupled with a significant humanitarian crisis makes the unrest even more complicated.
Dun & Bradstreet’s team of economists are monitoring the global business environments and are assessing the key risk scenarios emanating from their region or pan-regionally. This increased risk environment is putting greater strain on Finance and Procurement departments worldwide to mitigate these risks. It is now more important than ever before to understand who you are dealing with and their specific position.