I read an interesting statistic in USA Today that two-thirds of the CEOs that Business Roundtable surveyed in September expected sales to grow in the next 6 months – on the surface, this doesn’t sound too bad; however, the article said that this is down from the prior survey in June of 79%. Thus, only 31% said they expected to boost payrolls in the next 6 months, which was also down from the prior survey of 39%.
Yet this is an opportunity for those businesses who choose this as a time to INNOVATE. You have the opportunity to pass by your competition if you take advantage of everyone else’s fear of action and investing by being contrarian in a smart way – innovating. I’ll be talking about how to innovate for supply chain success at the APICS (Association for Operations Management)’s International Conference in Las Vegas on October 18th. If you’d like to read more about my session, please click here.