McKinsey Guides May 21, 2022In the face of US inflation rates not seen since the 1980s, the Federal Reserve increased its benchmark interest rate by half a percentage point in May—and markets expect the central bank to continue raising rates aggressively in the coming months. In the eurozone and the United Kingdom, the consumer price index this month rose to record highs amid concerns over the ongoing war in Ukraine and subsequent impact on Europe’s energy supply. How will this inflationary environment affect customers, suppliers, and shareholders? And how can business leaders guide their management teams, employees, boards, and external stakeholders through this period of uncertainty? Explore these insights to get up to speed on the latest, and dive deeper on ways your organization can respond, including: how CEOs can manage the impact of the current higher-inflation environment successfully and establish a new level of organizational resilience why companies should adjust their business operations quickly and decisively to reduce their exposure to rising costs five key ways for companies to adapt to sales-led pricing while maintaining long-term value Navigating inflation in retail: Six actions for retailers Navigating inflation: A new playbook for CEOs How business operations can respond to price increases: A CEO guide Five ways to ADAPT pricing to inflation Global Economics Intelligence executive summary, April 2022 The $773 billion question: Inflation’s impact on defense spending Consumer prices are rising fast, and healthcare isn’t far behind How to deal with price increases in this inflationary market Winning the race with inflation: The pricing opportunity for industrial companies Responding to inflation and volatility: Time for procurement to lead Getting real about mitigating price inflation