What To Do When Re-Pricing Is Not An Option

High inflation and rising interest rates have been placing enormous pressure on businesses, leading to significant cost volatility, which has been testing their viability. However, with warmer weather on the horizon and energy prices starting to decline, businesses can breathe a sigh of relief as reduced energy demand may now offset the impact of the increase in the energy price cap, which is due to take effect in April.

Additionally, there has been a slight easing in the price of raw materials including steel - indicating that things are starting to move in the right direction. However, with cost volatility still a factor and ongoing uncertainty impacting consumer demand, CFOs will need to strengthen their resilience and become better at managing complex situations.