It will be interesting to see how South African suppliers adapt over the coming months and years as the international financial situation evolves and impacts local markets. The extent of the international financial turmoil still has a long way to go but I have no doubt that local suppliers of goods and services are already looking at what they may need to do to adjust to the changing conditions. This may be a good thing in one way for consumers because an obvious avenue for suppliers to look at would be to improve service and delivery in an effort to find new ways to compete in what could be a shrinking market. This is likely to affect every supplier across the board from local hardware stores to large national and global corporate organizations. It’s also likely to result in a shakeout as some suppliers find it easier than others to adapt to the changing environment, and new players emerge that are more agile and innovative.

Let us know what you think.

Arno is one of the directors of getclosure! Arno has extensive experience in IT design and development and was responsible for creating the getclosure! complaints management system. Click here to read more about Arno.