In a market economy, freely fluctuating prices are the nervous system that coordinates supply and demand….
The price controls did tame inflation temporarily, but it came roaring back within three years to double-digit levels and persisted through the 1970s because of loose monetary policy.
You’ll need to ensure your business is ready to support electronic invoicing when the mandates go into effect.
Secondly, there’s no doubt that these initiatives will spill over into the B2B landscape.
Because of these mandates, government entities will be the leading force of electronic document exchange as a standard for supply chains.