FOOD FOR THOUGHT

Almost every business will experience a rise in costs somewhere along their supply chain: raw materials, transportation, wages and more. Between these rising costs and growing competition many businesses are experiencing significant margin pressure, which is eroding profits. So what should businesses be doing to avoid margin pressure? Here are three strategies to consider.

Choosing to discount or raise prices is going to create a ripple effect that will impact other areas of your business. But how and to what extent? Mike Atkinson reports.