Navigating Inflation and Commodity Price Pressure in Sourcing
Steve talks through rising commodity costs, supplier price increases tied to raw materials, and how to negotiate fairly instead of assuming every trend lasts forever.
Steve Simonson
On-air link:awesomers.com/252
Show notes
A shorter, on-the-go episode where Steve talks through the economic pressures hitting logistics- and product-driven businesses, from commodity price swings to inflation tied in part to the war in Ukraine.
He walks through how to evaluate a supplier's price increase request against the actual commodity driving it, rather than assuming it's just margin-grabbing, and reminds listeners that price trends are cyclical rather than permanent in either direction.
Useful for anyone negotiating with suppliers right now and trying to separate legitimate cost pressure from opportunism.