Get Prepared Just In Case
I don’t claim to be a clairvoyant economist so I won’t make any predictions, but I’m sure the warning of an upcoming recession keeps a few of you up at night. That’s certainly understandable, especially following a pandemic with all the issues it brought forth. It’s like a double shot of “what now?!”
What Will You Do?
How will you handle it if it comes? Hard question to answer. I bet some new companies have never even experienced a true recession. That’s right. If your business was established after June 2009, you may be in for some difficult decisions and uncharted waters.
On the Hunt for Solutions
When companies look for solutions like vendor concessions during a recession, the vendors are just as susceptible to the situation, so how can they concede anything? Managers and executives must look for outside alternative solutions to help ride out the impact. Cutting workforces only damages productivity. Monetizing assets not only diminishes the balance sheets, but they are also hard to sell. Basically, everything stalls out, and only the strong survive.
Find Some Relief
Let me offer some potential relief. More and more companies have recognized the benefits of utilizing Catawater®’s organic products. They help to lower costs, improve efficiency, improve production, increase sustainability and lower costly environmental impacts for their business.
How Catawater® Can Help
The Catawater Group of Companies® has and will always offer the lowest cost organic chemical products, no matter economic conditions. We know this will be a very serious period to navigate and we stand behind our promise to always be the leader in low-cost reliable solutions.
Let us know if we can help, and as always, we hope the best for your business and all those who depend on its success.
Steve
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