Author: admin-cycoma

Mark your calendars now, as “Meet and Share” will take place every 3rd Thursday of the month at the Hotel Palace.
The next one will take place on Thursday, October 20.
Participation is free for CA(d)FE members.

The October event will be organized around the theme :

– If you’re an expatriate: What was your biggest surprise when you arrived in Estonia?

Last Thursday, we had a presentation on :

followed by testimonials and a wide-ranging discussion.

Inflation stems both from persistent supply chain problems linked to the Covid crisis, and from EU sanctions against Russia and Belarus following Russia’s invasion of Ukraine, also creating an energy crisis in European countries.
Rising consumer prices combined with labor shortages and supply chain bottlenecks are forcing companies to rethink their strategies.

• Transparency on the selling price of the company’s services or goods is a good start; for example, Uber has dealt with rising fuel prices by introducing a fuel surcharge.
  This sends a clear message to customers that the price increase is a temporary and necessary measure.

• In sectors where supply is limited and buyers have few alternatives to negotiate, the creation of a fully traceable “end-to-end” value chain helps to strengthen the company’s operational resilience.

We have gathered some information from the HBR (Harvard Business Review) :

Note that remuneration is the top priority for only one in five employees, while flexible working is among the top three priorities for half of them.

First and foremost, take stock of your entire value chain and its exposure to supply chain shocks.

Understand your capital structure: Restructure your loans, obtain new lines of credit and maintain an adequate capital cushion.

Pay close attention to Fed policy and announcements from your central bank and the ECB.

In times of talent shortages on the job market, it’s important to look after employee morale.
Be more flexible in accommodating their personal needs, for example by letting them work from home, which can boost employee productivity.

• 3 strategies that become much more important with high inflation:

1. quickly adjust prices,

2. give priority to high-margin products,

3. modify inputs according to relative price trends.

We’ve also shared the do’s and don’ts of using Oracle Netsuite.

We then discussed the results of a survey of 5,000 companies conducted by Grant Thornton in May and June 2022, on measures taken or planned to address rising costs and inflation concerns.