Business strategies for fighting rising prices

There’s no single reason to explain why inflation is rising.

You can say it’s because of the shortage of both supplies and labor as the world emerges from pandemic lockdowns, coupled with logistics, trucking, shipping, and rail disruptions. You can point to the weather in Texas and the container ship blocking the Suez Canal. You can blame our country’s rising debts and the enormous amount of new money that’s been injected into the system as a result of stimulus spending by the government. You can reason that it’s because of the Federal Reserve’s strategy to keep interest rates low and allow inflation to rise.

It’s not just one factor. It’s all of them. But that’s not much comfort to the countless businesses struggling with inflation this year.

» READ MORE: Rising inflation expectations are the real worry for the economy

“Coming into 2021, we have now seen the gaps that were in our supply chain amplified,” said Bob Rosania, the CEO of…

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