In this episode, Claire Davies, Rob Haslehurst and Emile Santos explore the irony of businesses attempting to maintain price increases in an inflationary environment, even as they struggle with the rising costs of labor, logistics and raw materials.
Here's what Claire Davies, Rob Haslehurst and Emile Santos cover:
1. How consumer businesses are dealing with inflationary pressures and the actions of the Fed to contain inflation.
2. Strategies businesses are using to offset rising costs, such as automation, process redesign and supply diversification.
3. The implications of price increases on consumer behavior and how businesses are responding to maintain consumer loyalty.
Claire Davies is a Partner in L.E.K. Consulting's Consumer Practice, specializing in the food and beverage, beauty, personal care and direct-to-consumer sectors. Rob Haslehurst is a Partner in L.E.K. Consulting's Consumer Practice, focusing on automotive, home and entertainment, and he specializes in consumer-led growth strategies. Emile Santos is a Partner in L.E.K. Consulting's Consumer Practice, focusing on automotive and mobility as well as consumer health.
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