Using Timing Differences to Reduce Inflation Fears
Post-pandemic, inflation metrics continue to climb. Whether they are temporary or more permanent remains to be seen, but in either case, businesses need to plan for inflation pressures. In Forbes, Dave McGuire discusses different strategies that businesses can use to prepare for inflation, from stockpiling inventory to maximizing depreciation. Depreciation can be a smart strategy to increase cash flow in the short term, which can then be used to purchase inventory or make other business moves.