A CEO roundtable meeting has come up with the suggestion that supply chains are at the heart of fighting off the negative effects of inflation.
An Economic Times roundtable discussion in India has born suggestions that have an impact on companies dealing with supply chains across the globe.
In the face of the current, double economic downturn, many companies are facing rising costs of materials and a lowering demand for goods, but by reorganising a supply chain a company can make large savings, it has been suggested.
Maruti Suzuki chairman RC Bhargava said: "Inflation has thrown up an opportunity to improve productivity and reduce input costs that are under our control."
By reassessing the way in which a supply chain works, a great deal of money can be saved, as it has been found that supply chains are the part of a business most at risk from inflation and rising material prices.
With a supply chain that starts with shipments of goods from various parts of the world or on materials in high demand and ends in a country currently suffering from the credit crunch, the vulnerability is clear to see.
With this knowledge however comes the awareness to make money-saving changes to the chain before it strangles the company.
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