Our current global economic environment isn’t pretty: soaring inflation, supply chain disruption, rising interest rates and declining consumer spending have made for a risky cocktail.
Companies in large part depend on credit from banks for their working capital. Without it, they may be unable to pay employees or suppliers, or purchase inventory. But rising interest rates on that debt will be their biggest headwind and for some, the developing economic downturn could signal the end.
As Director of Risk Underwriting at Allianz Trade in North America, here are my insights into how a business can navigate the changing landscape.