As industries across the board grapple with rising costs,
supply-chain issues, and economic uncertainty, sustainability goals
have taken a back seat.
Or have they?
In today's post-pandemic reality, companies
are realizing that innovative solutions are the only way to
weather ever-increasing inflation.
It's not business as usual.
Companies must strike a balance between passing costs onto
consumers and preserving operating margins. But how?
Efficiency efforts are changing the game.
Check out the following trends demonstrating the importance of
sustainability amid inflation. Before we get into it, though,
let's take a quick look at inflation.
INFLATION IN NUMBERS
US inflation rose from 1.4% in January 2021 to
a record high of 9.1% in 2022. The European Union's rate reached 7.8% in March 2022, while the UK hit a
30-year high of 7% in the same month.
