By Rich Bond
This is a great LinkedIn post by Wes Bricker, PwC Vice Chair, about ways businesses can deal with rising interest rates. https://www.linkedin.com/feed/update/urn:li:activity:7091823375257329664/
One of the four strategic moves Bricker says companies can make is to review their pricing. Ironically, while the Fed is raising rates to cool inflation, the rising rates increase the cost of doing business. That’s why pricing, followed by scrutinizing costs and balance sheet items, are all extremely important.
Although PwC is one of the four largest accounting firms in the world, its advice is sound for businesses of any size.
I have worked with the PwC treasury consulting group, placing several professionals there. They have some great tools to improve the management of working capital and the supply chains.