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Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices.
Oh, it's everything right now, not just one thing. What's a global business owner to do? I [Laurel Delaney] will tell you:
- Be an effective leader
- Cut expenses
- Conserve cash
- Focus on quality
- Control spending
- Lower risk
- Cut staff
- Raise prices
- Maintain existing profitable exports
Do most of the above, and you will at least make it through a very next rough 18 months.
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