Plans & Tactics to Recession-Proof the Enterprise
A Survey of Procurement & Finance Professionals
The U.S. economy is reaching a record-breaking period of expansion that started 10 years ago. There is a reignited interest around when the next recession could happen. Sentiment surveys point out that executives are concerned that job markets, credit risks and tariffs policies could press the economy to decelerate.
Summary of Survey Findings
News Reports on the Recession
“It is unclear when the next economic downturn will hit. But companies need to prepare now if they want to escape its worst consequences and exit the downturn in a strong position financially and relative to competitors.” – Deloitte
“There is about a 60% chance of a recession starting in the United States by the end of next year, according to a National Association for Business Economics survey published earlier this month. Most economists in that report cited protectionist trade policy as the leading risk to the US economy.” – CNN
“For corporate leaders, however, the exact timing and duration of a recession matters less than being ready to seize the moment early, when they have more options. Getting ahead of the curve avoids the painful alternative—being forced to react hastily in a crisis.” – Bain
Suplari surveyed Finance and Procurement professionals about their concerns, preparedness and coping tactics. Business executives, analysts and the general public will find this study helpful to further assess the odds and outlook for an eventual recession.
Finance and Procurement professionals can use the report to plan ahead and prioritize practical approaches about:
→ Plans to avoid disruption of performance, growth, and profitability
→ Strategies and levers to quickly reduce cost and risk
→ Specific tactics in each industry sector to deal with a recession
→ Categories and budgets that come under greatest scrutiny