How Manufacturers can Prepare for Slower Economic Growth

Starting in the first quarter of 2019, several economists began pointing to financial indicators suggesting a market slow-down or even a recession may be looming. While a slow-down or recession is not certain, identifying early indicators and preparing for the next downturn in the economy could prove key to outlasting the competition.

The following are a few things to consider in any market condition, but in particular for preparing for a recession.

  • Are inventory counts at optimal levels in regards to cost savings?
  • Have discretionary selling, general, and administrative expenses been identified?
  • Have business processes been evaluated to ensure they are designed in consideration of cost effectiveness?

For more information on how your company can adapt in slow economic conditions, click here or contact Scott Olinger, CPA, CGMA, CPIM at 800.880.7800 ext. 8466 or at

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