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Creative Tips to Overcome Unexpected Rising Costs for Businesses

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August 2022
It’s no secret that rising inflation, supply chain issues, and lower consumer spending is dealing a blow to businesses in most industries across North America. In a recent survey by The Harris Poll, 92% of U.S. business leaders and 91% in Canada said their companies have been negatively impacted by inflation. Moreover, they’ve had to make difficult decisions, including raising prices, absorbing additional costs, reducing transportation, and more, to help curb the rising costs of running their businesses.
While it may be difficult to predict when the markets will self-correct, leaders can do certain things now to lower operating costs and maintain productivity and profitability. Check out these creative tips to help safeguard your company from rising costs! 
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