The 3 steps smart CEOs are taking in a volatile tariff environment, according to the head of a major global leadership advisory firmCEO of Russell Reynolds Constantine AlexandrakisCourtesy of Russell Reynolds
You know, being a CEO ain’t easy, especially in a time like this with all these tariffs flying around. But the good news is, there are some smart cookies out there who know exactly what to do. According to the big boss over at Russell Reynolds, Constantine Alexandrakis, there are three key steps that these savvy CEOs are taking to navigate through this crazy tariff storm.
First off, these top dogs are staying on top of the latest tariff developments. They’re not just sitting back and waiting for things to happen – oh no. They’re actively seeking out information, staying in the loop, and making sure they know what’s going on at all times. Because let’s face it, knowledge is power, right?
Next up, these CEOs are diversifying their supply chains. They’re not putting all their eggs in one basket, if you catch my drift. They’re spreading out their suppliers, looking for alternative sources, and making sure they have backup plans in place. Smart move, if you ask me.
And finally, these CEOs are engaging with key stakeholders. They’re not just making decisions behind closed doors and hoping for the best. No, sir. They’re reaching out to their partners, customers, and even government officials to make sure everyone’s on the same page. Communication is key, folks.
So there you have it, folks. The three steps that smart CEOs are taking to tackle tariffs head-on. Not really sure why this matters, but hey, knowledge is power, right? So keep on truckin’, CEOs. You got this.
