Today’s economy: What is the impact on procurement and sourcing and how is it different from the past?
Procurement Insights
OCTOBER 29, 2022
Since 1900 the U.S. has weathered 13 recessions – with the worst economic disaster being the great depression which lasted from 1929 to 1939. Except for the above ten years, the average recession lasts 17.5 months. A full business cycle averages 4.7 years. In other words, we have been here many times before; how or why is this time around different?
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