Forbes – How Bad Inflation Might Get, According To The Companies That Will Raise Prices
The global supply-chain mess, prompted by a surge in consumer demand at a time when factories and logistics companies were hobbled by coronavirus-related lockdowns, is not over, with many companies now saying their main struggle is paying sky-high shipping rates and a list of fees for goods delayed at the nation’s slammed ports.
The higher costs have trickled down to consumers in recent months, helping push inflation to 40-year highs. If shipping rates don’t come down, companies warn they may have to push prices even higher….Companies have spoken for years about diversifying their manufacturing away from China, which they’d chosen for its low labor costs, and to set up factories closer to their consumers.
Forbes spoke with Seraph founder Ambrose Conroy about these issues – read the full article at Forbes.
A global enterprise consulting firm that partners with business leaders to handle their most complex problems in areas such as supply chain, operations, and manufacturing challenges while delivering long-term operational and leadership improvements. Seraph has extensive on-site industry experience in the automotive, private equity, defense, medical device, electronics, energy infrastructure, and engineering sectors. The Seraph leadership team brings vast expertise across; crisis management, mergers, acquisitions, due diligence, restructuring, turn-around services, product launches, and logistics. Our four-phase process has been proven to provide quick payback and positive ROI, which is measured throughout customer engagement. Learn more at www.seraph.com and follow Seraph on LinkedIn.