What Global Conflict Means to Local Business
How can the unrest in the MENA (Middle East and North Africa) area effect your local business?
For many, it will have little impact but any hint of instability in this part of the world often means an increase in oil prices, as we are currently experiencing. That often results in higher airplane tickets (we have already seen $10 or $20 increases), increased transportation costs and higher gasoline costs for the local consumer.
So, while businesses can do little about what is happening in MENA, there can certainly be an impact upon local business so it does pay to pay attention to international news as part of your strategic planning.
S.A. Romeo
The Strategy Expert
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