2022 has already thrown an array of curveballs at small and medium enterprises (SME), including disruptions to supply chains, staff shortages and waning government support in the wake of the omicron outbreak. Insurance company Allianz, has recently predicted that further business disruptions will continue to be a major risk for SMEs for the remainder of 2022.

While you can’t always plan for all business interruptions, there are a few considerations that SMEs can make to help plan for any future disruptions.

Build up your inventory or equipment

While it may be hard to build your inventory at the moment due to current supply chain interferences, it is a smart idea to start thinking about stockpiling certain goods. This could include stocking up on certain equipment to ensure you are not left high and dry when disruptions occur.

Upgrading equipment for smooth workflow

In times of crisis, you need to have all your equipment maintained and in working order to ensure workflows are not impacted further. Investing in updating and maintaining your equipment with equipment finance is a great way to prepare for any business interruptions you may face down the track.

AI tools to deal with staff shortages

It is important to stay on top of the latest technology trends when it comes to equipment. Looking into artificial intelligence (AI) tools that can help ease staff shortages in the future is another way to ensure your business is properly prepared for a potential crisis.

If you’re looking to prepare your business for disruptions in 2022 but are struggling to finance it, give our friendly brokers a call on 1300 859 429. We’ll find the right finance solution for you and your business.