Business economics are changing.
The U.S. economy saw the most prolonged economic recovery in the past ten years.
Low-interest rates, wage growth, and unleashed post-pandemic demand led the U.S. economy at large to focus on growth opportunities. For manufacturers, this ten-year recovery period translated to an average 13% top-line revenue gain.
However, changing headwinds stemming from the highest inflation rate in 40 years, social and geopolitical events –including the COVID-19 pandemic, the Great Resignation, andthe War in Ukraine – have dampened economic forecasts. This economic uncertainty has also led 59.3% of CEO-level
manufacturing leaders to believe an economic recession is imminent as companies now grapple with a need to demonstrate profitability over top-line growth…Read more
This article is posted at salesforce.com
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