Let’s face it! Our world is a vastly different place than it was just a year ago. Inflation has always been a factor in the business model of any given company, but this year it has become one of the biggest factors. And relief is not expected anytime soon. Kiplinger predicts that inflation will peak this summer, but they also predict that it will remain as high as 8% through the end of the year.
As salaries increase in this environment, it is incumbent upon companies to compensate for this added expense in creative ways. There are many ways to accomplish this, from analyzing employee efficiency to implementing technological improvements and everything in between. One strategy that must not be overlooked is the use of alternative resources.
Is your business set up to utilize talent south of the border? What needs to be done to position your company to adapt to nearshoring? How much value can nearshoring bring to your business? These are questions that should be asked by the decision maker that wants to thrive during times like these.
Learn more about the benefits of nearshoring.
You may also like “Why are U.S. Companies running to Nearshore out of Latam”