Successfully Managing Inflation: Tips for the Consumer Sector

Published on January 19, 2023

Inflation is currently a hot topic in the media. While consumers are facing a cost of living crisis, the rising prices also represent a growing threat to companies in the consumer sector. Nevertheless, many are reluctant to raise their prices – a mistake? We surveyed companies about their ways of coping with inflation to show what the right next steps are.

Consumer and energy prices continue to rise, keeping inflation around the globe at an all-time high: as reported by the Organization for Economic Co-operation and Development (OECD) on April 5, 2022, the annual inflation rate in the OECD region rose to 7.7 percent in February 2022, the highest level since December 1990, compared with reported rates of 7.2 percent in January 2022 and just 1.7 percent in February 2021. These figures are expected to worsen, especially given…

Continue reading on website
Other news

Thrive on sustainability: (Re)-invent your business with 3 vital action fields in mind

January 19, 2023
Across industries, sustainably-minded and mission-driven companies are developing new sustainable products and services and bringing them to market, however, there are many unknowns regarding the commercial aspects – especially around monetization. New product and go-to-market strategies require a new mindset for success. For one, the potential customers for sustainable products may not be the sam

Monetizing Digital Offerings in Construction and Building Technology: Five-Step Framework

January 19, 2023
Digitalization is increasingly driving business in the building industry. Digital products such as smart home solutions, remote surveillance, and management support for construction sites are transforming mere ideas into usable offerings. Launching and monetizing digital offers successfully, however, are challenges for companies working in a more traditional path. Our five-step framework will help