With the economic recovery gaining steam amid an uncertain pandemic path, companies are scrambling to deal with increasing commodity prices, supply constraints, and higher wages caused by labor shortages. In the first half of 2021, the producer price index (PPI) rose 10% in the G7 countries. The PPI measures the prices of goods immediately postproduction and serves as a critical indicator of the pressure facing companies.
6 Strategies to Help Your Company Weather Inflation
Lessons from a study of 5,700 global businesses.
September 28, 2021
Summary.
Cutting expenses is a vital part of how companies should deal with inflation. A study of 5,700 global companies showed those that cut costs to improve productivity during inflationary periods showed higher shareholder returns. This article offers six steps companies can take to cut costs the right way.
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HBR Learning
Budgeting Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Budgeting. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Tips, tools, and info for handling the budgeting process.