Michael Bitar and Bert Miller discuss how in the fast-paced world of CPG, hesitation can be costlier than quick decisions. Looking back at 2023, where many companies delayed choices, it's evident that caution has its consequences. The main lesson? Delays, driven by uncertainty, aren't just a pause but a missed opportunity.
Predicting the future is futile, market trends elusive, and regrets often follow economic shifts. Examining delays reveals they're not as safe as they seem. In 2023, with unemployment steady at 3.5%, predicting economic trends was challenging. But history shows opportunities thrive amid uncertainty.
In such times, delaying hiring may mean losing top talent. The benefits of acting amidst uncertainty are numerous — less competition, smoother onboarding, and a head start for the future.
Reflecting on Q3 2023, some postponed decisions until Q1 2024 due to market uncertainty. Yet, companies that hired gained a competitive edge. Delaying has led to higher costs and fiercer competition for talent. Strategic hiring, onboarding, and action in uncertainty make organizations stronger.
A holistic approach and courageous decisions are vital. Reflecting on 2023, it's clear: now is the time for bold, strategic moves to lead in the evolving marketplace. Watch the full episode to learn more.