Inflation is the media buzzword of the moment with news stories nearly every day about how the cost of living is increasing.
It is not just hype though, prices are rising in all categories driven by pandemic shockwaves which has driven surges in consumer demand disrupting the demand and supply equilibrium. The patterns many businesses used to underpin their business dynamics are not compatible with the erratic surges in demand. At the same time disruption in the supply chain caused by shipping and port capacity and fragmented manufacturing across the globe caused by lockdown and labour supply is pushing prices up.… Continue reading the rest of this article