As living costs continue to soar at unprecedented levels, consumer confidence is dropping to lows we have not seen since the COVID-19 pandemic.
The ramifications of the cost crisis on today’s consumers will force consolidation and cutbacks in spending, and businesses are already resetting their revenue expectations and budgets for 2023.
With a drop in demand and pressure on margins, businesses must drive value and efficiency in their business and operating models to ensure they remain viable. The matter of value has arguably never been more important.
In this article we take a deeper look, exploring the challenges - and tried and tested solutions - in the market today.