If uncertainty is the new normal, how do I respond?

20 Apr 2026 by Steven Giannoulis

Creativity 3 HR

Earlier this year, IMF’s Kristalina Georgieva described “uncertainty as the new normal.” It’s one of those statements that sounds simple on the surface, but the more you sit with it, the more it challenges you to think differently about business cycles. Because if uncertainty is now the baseline, then a lot of the behaviours we’ve defaulted to over the last few years, particularly the idea of waiting for things to settle down, start to look less like prudence and more like risk.

Short-lived optimism

Coming into 2026, I was feeling genuinely optimistic. After a long stretch of tough conditions, it finally felt like we were seeing the early signs of a turnaround. The fundamentals were improving, business confidence was lifting, and there was a sense that we could start shifting out of survival mode and back into growth. After years of hunkering down, focusing on costs, and sticking tightly to the basics, it felt like there was finally some room to think bigger again. 

Then, almost as quickly as that confidence started to build, it was tested again. The conflict in the Middle East and the resulting fuel crisis sent another ripple through the market. Costs lifted, uncertainty spiked, and you could feel the ‘pause’ almost immediately. Conversations changed. Decisions started to slow. And like many, I found myself doubting plans for the year ahead, that only weeks earlier felt clear and certain.  

Uncertainty isn’t a phase

It’s a natural reaction built on the assumption that what we’re experiencing is temporary. Surely, if we hold steady for long enough, things will return to something resembling normal.

The reality is, that version of normal is probably not coming back. What we’re dealing with now is not a series of isolated shocks, but a set of structural conditions that are shaping how business operates on an ongoing basis. Geopolitical instability is no longer occasional but persistent. Technology, particularly AI, is evolving at a pace that is forcing entire industries to rethink how they operate. And economic conditions continue to move in more fluid ways that are harder to predict.

And these forces don’t arrive one at a time. They layer on top of each other, creating a complex environment where change is the only constant.

The client perspective

What’s been particularly interesting over the last few months is seeing how our clients are responding. Some are again taking the wait-and-see approach, but there is also a growing number doing the opposite.

They’re choosing to move forward, even in the face of ongoing uncertainty. Not because they’re ignoring the risks, but because they’ve come to the view that standing still is now the bigger risk. For some, that’s because they’ve already paused long enough and can see the impact it’s having on their market position and their people. For others, the pace of change around them has been so significant that doing nothing is effectively going backwards. And for a few, it’s simply a stark realisation that the world they were waiting to return to no longer exists.  

A shift in thinking

This has been a catalyst for me, forcing me to step back and separate what is genuinely uncertain from what we actually know to be true about our own business.

We know our clients will continue to need to communicate. Even standing still requires a level of engagement with customers, staff and stakeholders. We know that we operate in a competitive environment where delivering clear value and results is what drives retention and growth. 

We know that we need to grow as a business. Cashflow has been repeatedly stretched since COVID, and there is a limit to how far you can keep cost cutting to survive.

We know that technology, particularly AI, is reshaping our industry, and that waiting for better conditions before responding will simply be too late. 

And we know that the frequency of these downturns means we need to build more resilience into how we operate. 

None of these things have changed because of the decisions made at the White House or in the Middle-East.

Moving forward with intent

So at a fundamental level, our strategy doesn’t need to change. What does need to change is how we execute it in an environment that is far more dynamic than it used to be.

That’s where agility becomes critical. Not as a buzzword, but as a core capability. It’s about making decisions with imperfect information, moving forward with intent, and being prepared to shift quickly as conditions shift. It’s about having clarity on what matters most, while also building in the flexibility to respond when things inevitably change.

As we head into our 50th year of business, we’ve made a conscious decision to lean into that mindset. We’re moving forward with a plan that is deliberately growth-focused. That might sound counter-intuitive, but for us it’s a recognition that waiting carries its own set of risks. Clients won’t wait for us to be ready. And our good people, who’ve been stretched in recent years, won’t wait for us to find the right time to ease those concerns. As a result you’ll see us out in the market hiring new people and promoting new products.

At the same time, we’re not ignoring the environment we’re operating in. We’ve built contingency into our plans, we’re clear on our priorities, and we’ve set milestones that allow us to regularly review progress and make adjustments where needed. It’s about balancing forward momentum with the ability to pivot, rather than choosing one over the other.

The value of perspective

I found listening beyond the headlines to real stories and perspectives is a valuable tool in uncertainty. Having an independent Board is another. In tougher times, it can feel like a luxury for a small business like ours. But in reality, it’s in these periods that the value becomes most apparent.

Having people who can challenge your thinking, bring an external perspective, and call out the things you might be too close to see yourself is incredibly important when the environment is noisy and constantly shifting. It helps cut through the reactionary thinking and keeps the focus on what really matters.

What really matters

And that’s probably the key point in all of this. In a world where there is always something happening, always a new piece of information or a new reason to doubt, the real discipline is keeping your eyes on the prize. 

That means, not getting caught up in every signal or every shift, but being clear on what drives your business and making decisions accordingly. For most organisations that comes back to delivering more value for their customers; using technology to drive quality and efficiency; keeping good people engaged; and staying strategically aligned. 

Final thought

It’s a strange environment, no doubt about it. The fuel crisis, ongoing cost pressures, and constant uncertainty create a level of stress that is hard to ignore. But there is also something quite clarifying about accepting that this is not a temporary phase, but the environment we now operate in.

So the takeaway is a simple one, stop waiting for things to go back to normal. They won’t. Make the decisions you need to make with the information you have, move forward with intent, and be prepared to adjust as the world around you changes. Because in a dynamic environment, progress comes not from certainty but from maintaining momentum.

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