![]() However, a point should be made that there are ongoing negotiations for the supply of Russian fertiliser to the agricultural sector in LATAM, suggesting that there are avenues through which trade with Russia can still be considered as ‘open for business’.Īccording to the OECD’s Economic Outlook report from late November 2022, the global economy is expected to slow further in the coming year as the massive and historic energy shock triggered by Russia’s war against Ukraine continues to spur inflationary pressures, sapping confidence and household purchasing power and increasing risks worldwide. In any case, the economic fallout from this, such as the rising cost of fuel and energy, commodity prices and economic sanctions leading to a reappraisal of business ties with Russia have impacted business growth and household incomes, causing significant economic instability across global markets. The most significant and immediate manifestation of this is the conflict in Ukraine, which many view as a proxy war between Russia and NATO. Geopolitical tensions between major powers such as the United States, China and Russia continue to shape global political and economic events and these confrontations are typically driven by two major factors economic competition and military rivalry. The real-world cost implications of this, in the current economic climate, are significant. Additionally, society continues to demand environmentally-friendly supply chains and to build on the momentum from COP26 and COP27 in an effort to achieve carbon net-zero targets by 2050. In assessing the performance of their global supply chains, nearly 96% of survey respondents said their supplier networks are either “usually, always or sometimes” a problem, posing risk to management projections. The commercial fallout from the pandemic has included continued supply chain disruption in 2022 stemming from logistics difficulties, production delays, non-availability of experienced labour, high commodity prices and an overreliance on a limited and settled number of third-party suppliers who, in turn, were affected by the same issues.Īccording to a December 2022 Logistics Management survey, after a multi-year stint of dealing with the impact of supply chain shortages, transportation capacity constraints, rising costs and a persistent labour shortage, logistics managers are now facing a host of new roadblocks in 2023 with warehouse bottlenecks, vehicle backups at inland hubs and dock worker contract negotiations. ![]() Three years on, while the rollout of vaccines has provided some hope for an eventual end to the pandemic, the emergence of new variants and uneven distribution of vaccines across the world continues to pose uncertainties for growth and expansion. There may be tax implications – so check with your accountant. Use our HR manual template below to create policies around perks that work for your business.The COVID-19 pandemic has had a profound impact on global political and economic events since it first emerged in late 2019. extra training beyond skills needed for the job.cinema tickets, access to gyms or sporting facilities.subsidised staff canteens and free tea/coffee.work-life balance benefits – such as flexible working hours.Perks are generally a good method of tempting new employees and retaining workers as they're not related to productivity. When you get it right, team productivity is usually high and your reputation as a good employer is spread by word of mouth.īe clear about the pay, the hours, the holidays and what kind of remote working arrangements are available. Getting the selection process right can help you set the standard when looking for managers and staff with the right skill set and cultural fit. Find the right people and pay them appropriately Getting the following five areas right is a great start to arming yourself in the war for talent. Getting your employer branding and employee value proposition right can see the best candidates seek you out. The satisfaction of your current employees and your business's reputation as an employer can play a big role in whether people view your business as a desirable employer. Depending on the skills required in a role, the size of the talent pool can often be quite small and lead to fierce competition to attract and retain the best candidates. Finding and keeping the right people can be a challenge for any business.
0 Comments
Leave a Reply. |