While most eyes have been on the 40 year-high consumer inflation rate of over 9%, wholesale inflation – measured by the Producer Price Index – has risen even higher, to over 11%. Less remarked on are the enormous variations in inflation by industry sector and geographic region.
Predictions vary significantly among economists though most believe inflation will be with us for some time. How will you and your teams help your company navigate costs and risks in such a challenging and uncertain environment?
In this video, our London-based Vantage Principal David Ward shows an example of how we set the industry context for inflation challenges, and the implications for supply management.
This content is taken from our training courses specifically focused on Negotiating with Suppliers in an Inflationary Environment.
To learn more, contact our Supply Management Team.