Companies Need to Prepare for the Next Economic Downturn

Many economists are forecasting a downturn, if not a full-blown recession, over the next 12-24 months. We have seen one of the longest expansionary phases in recent history, leading indicators have softened in many countries, stock markets are volatile, and several risks cloud the horizon. Naturally, business leaders are considering how to best position themselves for harsher macroeconomic conditions.