To counteract the effects of rising input prices 📈, CFOs must institute more significant long-term changes that could create a competitive edge. Discover 3 key ways to reduce margin pressure: Gartner_Finance GartnerFinance CFO
To counteract the effects of rising input prices, CFOs must institute more significant long-term changes in the hopes of creating a competitive edge.Rising consumer prices grab headlines, but it’s increased input prices, such as wage inflation, that threaten profitable growth.
“While input price inflation comes in many different forms, rising labor costs are one of the most commonly cited forms,” says Instead of increasing product and service prices arbitrarily in response to input price inflation, consider competitor actions and profitability when making pricing decisions. Ask yourself the following questions:
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