Resilinc Special Report
Overcoming the Impact of Global Inflation and Labor Market Slowdown
The global financial crisis has deepened due to a series of supply chain bottlenecks coupled with an increase in inflationary pressures, causing the consumer price index (CPI) to increase by 5.9% YoY. Additionally, supply chains around the world are feeling the heat due to conflicting supply and demand pressures that are stemming from high-interest rates. The global labor market has tightened amid mass layoffs, with nearly 84,000+ employees laid off from 267 tech companies and the automotive industry opting for downsizing as they transition to electric vehicles. While experts forecast a slowdown in the labor market and a fall in global growth from 34% in 2022 to 29% in 2023, do you know what challenges lay ahead for your supply chain?
Learn more in Resilinc Special Report about the effects of the global financial crisis and labor market slowdown on supply chains and the impending outlook.
Key Insights:
- State of the consumer price index and impacts of inflation
- Overview of the global labor market, layoffs, and grim outlook
- 6 Best tips to build effective supplier collaboration