How to Contain Costs with Inflation on the Rise

Josh Bardell,

If done correctly, pricing is the most sustainable lever businesses have against inflation and overall market volatility. This is especially true for manufacturers that are under pressure from supply chain disruption and labour shortages because they are at risk of either absorbing costs or passing them onto the buyer.

If pricing products correctly wasn’t already difficult enough, inflation in Australia has increased to 6.1 per cent, a height not reached for two decades, according to the Australia Bureau of Statistics.

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