Remove 2007 Remove Global Hiring Remove Reduced Costs Remove Sourcing
article thumbnail

Learning from the Great Recession: Two Strategies That Can Help Businesses Rise Above COVID-19

Velocity Global

Together, these considerations created a perfect storm for the economic turmoil that began in late 2007. Additionally, when the pandemic passes, companies that have expanded into new international markets have an advantage over competitors with limited global reach. Strategy #2: Maintain Quality While Reducing Costs.