As the United States heads into the 4th of July holiday weekend, the storm clouds of recession and inflation are dancing on the horizon tantalizing business leaders with a strong need to respond as they plan for the second half of 2022 and beyond.
For the first time in more than a decade, rampant inflation has become a critical business issue and something every level of manager is facing directly or indirectly.
It is impossible to predict how long this cycle will last but a majority of the experts believe it will last for several years. One indicator of the length of this cycle can be found in the meeting notes of the Federal Reserve where they continue to raise interest rates in an effort to cool off the inflation. From their actions, it doesn’t look like this is a short-term thing.
