Came across an inspiring chart as below on factors that drive profit change.
While in reality, the situations are usually more complex and intermingled, this chart does give us some thinking on considering ongoing business strategies.
The price is the biggest driver of the four. This ranking order holds for each of the eight major industry groups using the standard industry classification (US SIC) scheme.
Looking closely, solid supply chain happening shall give positive support or direct pulling on all 4 factors, esp in the current global environment.
The chart and article source:
Comments