Russia’s recent decision to block access to its highly important gas line has caused tremendous distress across Europe due to the radical impact it has on the continent’s ability to produce power for its people. As winter approaches, this is likely to cause widespread energy shortages that will take their toll on citizens across multiple countries in a crisis that might be one of the most severe seen in recent memory.
As we enter a period of recession and higher-than-normal inflation, everyone is scrambling to identify how it might affect their businesses and what they can do the manage the impact. This is a challenging exercise because we don’t really know how persistent this inflation will be and what ancillary effects might come as part and parcel of the macroeconomic shock. As such, companies should be preparing for all scenarios and that’s where a sophisticated FP&A tool like Apliqo FPM can be so useful.