Turmoil Abounds
It seems as if we jump from one issue to another these days with stability being elusive.
If it is not inflationary pressures on feedstocks and chemicals, it is logistics challenges, inbound and outbound.
My concern is that today's managers are not used to these challenges and it will take them awhile to get their "sea legs."
Inflationary pressures are approaching the late '70's/early '80's.
Personally, I have never seen a logistics issue this bad, going all the way back to 1970.
And personnel--never heard of such a shortage of willing workers such as we have today.
Bottom line, today's managers are going to have to learn new skills quickly, watch KPI's they have never watched before, and think in ways not required for forty years.
For instance, I bet you will soon see companies changing inventory accounting methods from FIFO to LIFO or vice versa, whichever favors their bottom line. I don't think I have seen this since about 1985.
