The 25 per cent Trump tariffs imposed on all imported steel and aluminum, including from Australia, is causing another disruption in an already volatile market. The ripple effects of the Trump trade wars imposed on many countries including its allies will be felt far and wide. In addition to higher prices on our exports reducing demand, the US products we import will become more expensive and our superannuation balances will drop.
How do organisations cushion against economic blows?
We live in a VUCA world with Volatility, Uncertainty, Complexity and Ambiguity. Ironically, the term VUCA originated in the US Army in the 1980s and the framework is used to describe the challenges of operating in an environment characterised by these traits. Organisations can use this framework, coupled with the business improvement strategies employed by Improcus, to help them thrive in such a dynamic environment.
Strategies for success.
You and your business cannot afford to put your head in the sand. Now is the time to take back your control and face-off against volatility armed with agility and financial planning.
Reach out to CEO Andrew Walker for a free demonstration of what Improcus and Jedox can do for you.
