Inflation has rocked the world in recent years. The pandemic, global conflict, and dramatic changes in consumer spending caused inflation to spike to 11.1% worldwide before retreating.  High inflation rates are, of course, bad for consumers. However, unpredictable inflationary pressures can also have a devastating effect on businesses. Entire industries suffered significant setbacks due to the supply-side issues that drove up costs and squeezed firms’ profit margins.  Supply Chain and Inflation Understanding the link between the global supply chain and inflation is easy: when supply chains are distributed, supplier’s costs increase. As long as demand remains constant or grows, these … [Read more...]