In today’s unpredictable trade landscape, US tariffs are causing sudden spikes in hardware and infrastructure costs and straining IT budgets. Traditional budgeting approaches struggle to keep up with this volatility. Recent developments, such as the US Court of International Trade's ruling against President Trump's wide-ranging tariffs, have added layers of complexity to the economic landscape. The White House has filed an appeal against this ruling emphasizing its intent to continue pursuing similar measures via executive power. While the appeal process is ongoing, the US Court of Appeals has reversed the US Court of International Trade's ruling allowing for the resumption of the tariffs. This ongoing uncertainty underscores the need to adopt agile budgeting strategies. CIOs should embrace agile budgeting to navigate fiscal storms, ensuring their organizations remain resilient and responsive in the face of economic turbulence.
Why Agile Budgeting?
In an era where …