We’re in an unusual, unprecedented economy: inflation is at record highs, yet the labor market remains tight overall. While many executives anticipate a recession and consumer sentiment is bleak, some economists and CXOs remain optimistic. And while most organizations are tightening their belts, the degree varies across industries.
As organizations respond to these paradoxes, new technology and innovative organizational practices can help them achieve previously unattainable outcomes. By applying 8 principles, organizations can spot a broad range of opportunities for cost optimization that also enable them to create a more agile, adaptive workforce to remain resilient in the face of uncertainty.