May 20, 2022From boardrooms to grocery stores, inflation is affecting everyone. Prices are up over 7 percent in the United States and more around the

Growth, inflation, and adapting to unpredictable times

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2022-06-21 19:30:04

May 20, 2022From boardrooms to grocery stores, inflation is affecting everyone. Prices are up over 7 percent in the United States and more around the world—with no signs of coming down anytime soon. Businesses are already reeling, and tired, from two years of a global pandemic that required nimble, innovative solutions. But it’s time again to strategize, says Alex Abdelnour, a partner working with clients on growth strategy, price optimization, and revenue management. Managing inflation effectively to limit disruption is possible, and Alex has helped identify a variety of tools and practices to help.

Alex grew up in Lebanon and came to the US in 2005 to earn his Ph.D. at Georgia Tech in engineering. He’s made Atlanta home and built a family of four children with his wife. The inflation crisis is top of mind not only for his work, but for his family in Beirut, a nation that has been struck by soaring inflation. The currency has drastically devalued even as prices have skyrocketed.

In short, a new reality. According to our latest research on consumer sentiment, consumer confidence dipped in February 2022. Only 38 percent of our survey respondents said they feel optimistic, down from 44 percent in October 2021. And the steepest drop was among high-income consumers, a group that had been buying more-expensive products and brands in 2020 and 2021.

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