How Small Businesses Can Win During Supply Chain Disruption: Plan For It

The supply chain disruption is an ever-present part of the morning headlines. Even more concerning is that there are signs on the horizon of the problems getting worse, not better. And unfortunately, because of the perfect storm of headwinds creating the chaos, recent trends are suggesting that the supply chain may not return to normal levels until 2023.

Periods of disruption often present some of the best opportunities, and this period is no different. So many businesses, however, struggle to plan in the face of so much uncertainty. Pricing has been one tool to address supply chain challenges, but given the long-term nature of what is in front of us, this is among the most critical times to plan. Here are six steps to go about doing so.