The world seems quite chaotic now, with political divides, civil unrest, supply chain disruption and climate change all making the headlines. The outlook for economic conditions remains highly uncertain, and many businesses are focused on managing their resources as best they can simply to ensure their survival.

Whilst not always the case, large corporations typically have the financial firepower and workforce capacity to ride out the worst of economic storms. SMEs, potentially without much balance sheet flexibility or ready access to additional funding, can feel the impact of hard times much more quickly and profoundly.