Firms will need to adopt different strategies to adapt to varying growth speeds across the world, an economist has warned.
Dr John Glen, CIPS economist, said companies needed to "flex supply chains" in response to the IMF's latest World Economic Outlook (WEO), which lowered growth projections for 2016 from 3.4% to 3.2%.
Glen, who is also director of the Centre for Customised Executive Development at Cranfield School of Management, said: “There is... a requirement to be able to flex supply chains to turn on capability and supply in those parts of the world that are expanding, such as India for example."
He added firms also needed to be able to reduce capacity in “parts of the global economy that are not set to expand as quickly”.