Three decades of historically low inflation have left many businesses without the experience or capabilities to navigate the changing economic paradigm. In recent months gas, wheat, corn, and other essential food ingredients have risen by over 100%. Key manufacturing commodities have fared a little better with copper, aluminum, and others experiencing increases of over 60%. Add in demands for wage increases across the globe, and it is hard to imagine any business avoiding today’s inflationary pressures.
On today's episode Aubry Pierre, Partner in L.E.K. Consulting's London office, talks with both Jean-Philippe Grosmaitre - Partner in L.E.K. Consulting's Paris office and Claudio Molinaro - Partner in L.E.K. Consulting's Paris office. The three discuss the causes of today's rapidly rising costs, the impact on business, and how winning companies are using key levers to thrive despite inflationary pressures.