Two consecutive quarters of negative GDP growth is often quoted as sufficient evidence that a recession will occur. It might seem a superficial measure, but it has the advantage of being short, clear and often accurate. Organizations like the National Bureau of Economic Research are poised to tell us when the U.S. entered a recession, although their measurements can be thought of as lagging indicators.
Technicalities aside, it’s time to examine the effects of a potential economic downturn on your supply chain and what you can do about them. We’d like to share three perspectives on how recessionary pressures influence supply chains: a discussion of a downturn’s likely impact on supply chains, how this downturn differs from those in the recent past, and an appeal to refuse to “just let things take their course”.
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