Industry executives: Inflation is nearing its end
News
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May 2023
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WWD
What: A poll revealed that US executives expect the current inflationary cycle to end soon, with more respondents optimistic about the post-inflation period than in previous surveys.
Why it is important: In the US, inflation seems to be evolving into more of a short-term problem rather than a long-term problem.
A survey conducted by Kearney of more than 350 US executives across multiple sectors found that 40% of respondents were confident that the current inflation cycle is positive.
Kearney identified two types of inflation: demand-driven and cost-driven, with positive outcomes including a reset of stagnant categories, innovation cycles, and flexible pricing.
Despite ongoing impacts to supply chains, executives feel that the end is in sight.
