The things you think about with a new year.
Date | 01 January 2019 |
Author | Atkins, Michael |
This will be the 46th time I have entered a new year pondering the economic climate and how it might impact our business. This is not unusual for those of us who have the responsibility to predict. That's what business is. It doesn't get simpler.
We ask the linear questions first, like will someone like Sears go bankrupt this year and confiscate their annual spend? Will they pay their bad debt and should we put our bad debt allowance up or down or leave it alone?
Can we count on Canada Post to be more or less on strike into the new year, with any anticipated bonuses for our distribution system that would balance the former?
Internationally, will the new and controversial president of Brazil (head office for Vale) cause the company to do something unanticipated in the Canadian market where they dominate nickel production? Will that impact on their supply...
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