Strategies to prepare for inflation and recession
Mark Harwood, Hazelwoods
We can learn a lot from history about how veterinary practices have sought opportunities in the face of challenging economic times. The past few months have seen the highest inflation in the economy for decades and rising concerns about a cost of living crisis. What is different to many previous turbulent economic times is that unemployment has remained low.
Against this economic backdrop, we have seen many veterinary practices perform strongly since 2020, despite the challenges that many have faced with recruitment. The veterinary sector has arguably seen more change in the past 5 years than it has for a long time. What will the future hold though?
What can we learn from history both in and outside of the veterinary sector;
What is different now; and
Explore stepping stones to navigate the months ahead.