Manufacturers can cut stress with these moves
Grant Thornton industry lens on: Global instability
To keep business flowing, manufacturers need to manage a complex network of inputs and outputs. But it’s hard to know how to manage global instability.
Many manufacturers are still struggling with ongoing pandemic impacts, and global instability introduces more complications. “You’re already dealing with a lot of inflation, but energy costs are now are going to go higher,” reflected Grant Thornton National Managing Principal for the Manufacturing Industry Robert Hersh. “Energy costs are one of the big expenses for manufacturing. With the price of oil doubling since last spring, you’re doubling a key input to most manufacturing and distribution process.”