Inflation hit a 40-year high—is your organization ready to respond?

Build long-term resilience ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Unless you’ve been living under a rock, you’ve likely heard lots of inflation talk lately—especially on the heels of news that it hit a 40-year high in the US last month. Is your organization up to the challenge of determining which short-term price increases are fair, and prepared to deal with the long-term consequences of inflationary markets? It’s no easy feat, but that’s not to say it’s impossible, so long as you approach the issues strategically. See how in this new article, which guides you through effective, creative ways to mitigate supply inflation—and rebuild long-term resilience. — Joyce Yoo, editor, New York How to deal with price increases in this inflationary market The return of inflation makes price negotiation a more demanding—and strategically critical—capability. Build long-term resilience   Quote of the Day “I was able to see how she took sources of disagreement and actually drew out the different perspectives of the different folks in the room. Rather than running from the conflict, she actually leaned into the conflict.” —Senior partner Liz Hilton Segel in episode 5 of My Rookie Moment, on how a trusted colleague helped her through role modeling and mentorship ahead of an important client discussion Chart of the Day See today's chart   Also New The raw-materials challenge: How the metals and mining sector will be at the core of enabling the energy transition As the world gears up for net zero, demand for raw materials is set to soar. The energy transition presents unique challenges for metals and mining companies, which will need to innovate and rebuild their growth agenda. Keep up with demand   Decarbonizing the built environment: Takeaways from COP26 How can the cement and construction industry achieve net zero by 2050? Here are the key takeaways from a roundtable discussion McKinsey hosted at the COP26 Climate Change Conference. Four key themes   The McKinsey Crossword: Dealt Out of Order | No. 58 Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you're looking for a quick win. Play now   The Daily Read An article a day, picked by our editors Subscribe Subscribe to McKinsey’s new Daily Read newsletter to get our editors’ pick of one must-read article each weekday—and why it shouldn’t be missed. Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our Consumer & Retail alert list. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007