It is said that we are now in an era of cost-push inflation. Prices of fuel, food, raw materials, etc. are rising. Increases in purchasing prices, utility costs, and transportation costs put pressure on management. In addition, rising prices of daily necessities will put pressure on workers' livelihoods, putting pressure on companies to raise wages. In addition, corporate labor costs are on the rise due to serious labor shortages, wage increases at major companies, and the need to improve treatment of non-regular employees due to the enactment of equal pay for equal work legislation. In order to improve management under these circumstances, there are limits to cost reviews and restructuring alone. In order for companies to maintain profits, they must not only improve costs, but also consider ways to effectively pass on increased costs to prices. Let's consider what managers should do in an era of cost-push inflation.
