Inflation

Leaders can look across their organizations for opportunities to mitigate the effects, helping to build resilience along the value chain.
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Navigating inflation: A new playbook for CEOs

– Few chief executives have faced the challenge of leading a company through an inflationary spike like today’s. Lessons from strong leaders and bold action can help CEOs make the decisions that only they can make.
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Procurement 2023: Ten CPO actions to defy the toughest challenges
– Supply chains face another year of volatility and inflationary pressure. Chief procurement officers (CPOs) can deploy ten resilience... actions to craft a winning enterprise-wide response.
Survey

Inflation-weary Americans are increasingly pessimistic about the economy
– High prices and low expectations: The job market still may be strong, but lingering economic conditions are taking a toll on the... outlook of American households.
Podcast

Inflation fighter and value creator: Procurement’s best-kept secret
– New sources of value are available for businesses that use their procurement function to combat persistent inflation and build... resilience amid ongoing turbulence.
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The gathering storm: The threat to employee healthcare benefits
– US inflationary pressures could significantly raise annual employer healthcare costs and impact vulnerable household finances.
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Utility procurement: Ready to meet new market challenges
– North American utilities’ procurement leaders are tackling today’s challenging times by partnering closely with business unit... leaders, deploying bespoke category strategies, and building innovative capabilities.
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The gathering storm: The transformative impact of inflation on the healthcare sector
– Inflation is at record highs and is now blowing through healthcare.
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Pricing during inflation: Active management can preserve sustainable value
– Industrial players are paying more attention to their pricing strategies to cope with inflation and ensure sustainable impact.
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What is inflation?
– Inflation is the gradual loss of purchasing power, reflected in a broad rise in prices for goods and services. This is just one... entry in our McKinsey Explainer series.
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How inflation is flipping the economic script, in seven charts
– The troubling trend is spilling over into every corner of the global economy, with dramatic effects. McKinsey Global Publishing... looks at the latest data.
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Navigating inflation in retail: Six actions for retailers
– Retailers are facing the possibility of persistent inflation—but they can meet that challenge in ways that streamline operations,... retain customers, and drive profitable growth.
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Global Economics Intelligence executive summary, April 2022
– Amidst high inflation and the continuing war in Ukraine, strong demand persists; forecasting institutions trim growth estimates.
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Full-potential procurement: Lessons amid inflation and volatility
– Procurement organizations are uniquely positioned to catalyze cross-functional actions that promote efficiency and resilience... in rapidly evolving market conditions.
Survey

The coronavirus effect on global economic sentiment
– In the latest survey, inflation and geopolitical conflicts remain the top perceived economic risks, while concerns about energy... volatility predominate in Europe.
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The $773 billion question: Inflation’s impact on defense spending
– How will the Defense Department deal with possible long-term inflation and price increases for its most important programs?
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How business operations can respond to price increases: A CEO guide
– Companies need better tools to tackle rising prices. CEOs can look for them across their business operations.
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Five ways to ADAPT pricing to inflation
– Price adjustments due to inflation call for nuanced approaches that, when done well, can strengthen customer relationships and... overall margins.
Commentary

Consumer prices are rising fast, and healthcare isn’t far behind
– To grapple with the consequences of healthcare inflation, providers and services organizations should refocus efforts to ensure... rigorous execution and resilience.
Blog Post

How to mitigate the effects of inflation
– Inflation hit a 40-year high last month, leaping 7 percent from the year prior. As households grapple with greater price hikes... for groceries and other essentials, companies are contending with booming consumer demand and persistent supply-chain backlogs, keeping prices elevated. But how can companies determine that short-term price increases are fair?
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How to deal with price increases in this inflationary market
– The return of inflation makes price negotiation a more demanding—and strategically critical—capability.
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The CEO: Architect of the new operations agenda
– To thrive in a volatile and unpredictable postpandemic economy, companies need smarter, faster, more agile business operations.... That requires big changes—and commitment from the very top of the organization.
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Ten steps retailers can take to shock-proof their supply chains
– In a seemingly ‘no win’ environment, retailers can take a two-speed approach to address the current shocks and build a more resilient... foundation for the future.
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Unlocking cash from your balance sheet
– Opportunities to free up cash may be hiding in plain sight. Here are six strategies for releasing cash from your balance sheet.
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Winning the race with inflation: The pricing opportunity for industrial companies
– As inflation rises, industrial companies must take a new look at pricing.
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Defying cost volatility: A strategic pricing response
– While input cost increases and volatility are challenging, they present an opportunity to improve pricing and institutionalize... best practices—but margins will likely suffer if these are not executed in a strategic way.
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What’s going on with shipping rates?
– McKinsey’s Steve Saxon and Jaana Remes discuss why container shipping costs are surging and give their take on what lies... ahead for the industry.
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Responding to inflation and volatility: Time for procurement to lead
– A digital nerve center can help procurement teams collaborate better and act faster during turbulence.
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Getting real about mitigating price inflation
– Category managers can respond to inflation—and save their companies a lot of money in the months ahead.