Don’t Let the Supply Strangle You - Carl Gould #5521

Summary: We are seeing shortages, double digit inflation, and disruptions to the supply chain like never before. How can we get through these times without destroying our businesses in the process? Here to speak about this is Carl Gould, and we discuss the transition that businesses must make in light of the turn from globalization to regionalization. It’s important to consider alternate sources for obtaining supplies, and to have them readily available for unexpected circumstances. Tune in for more useful strategies. Highlights: -If you go back to 2008, the seeds were planted for the de-globalization of our supply chain -You can’t rely on the supply chain the way you once did, and you can’t let it strangle you -Globalization is going to turn into regionalization -Businesses need to diversify where they get things from, which is called ‘near-shoring’ -It’s useful to get supplies from other countries that are nearby -The concept of repurposing/reusing items is going to become more prevalent -Instead of having 1 or 2 vendors, you should have 3-5 vendors -In real estate, place an offer on something immediately Useful Links: Financial Survival Network Carl Gould Carl 360