Supply chain shortages, political instability and climate change are just a few factors pushing global prices for everyday goods upwards. Having a robust understanding of the short- and long-term drivers of inflation and how this will impact spending habits allows businesses to be agile during periods of volatility.
While inflation poses many challenges, it also opens opportunities to enhance efficiency, innovation and pricing strategies. Keeping pace with rising inflation rates and their impact on businesses and consumer behaviour will help leaders to be better equipped to respond more effectively.
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