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Inflation Fears

Companies across the nation are concerned about inflation, but most have very limited options to combat against this growing trend. Energy and health care costs are the most worrisome. The article "the deep dive, that rising feeling" by Kate O'Sullivan, in the September 2011 edition of CFO Magazine, sites many CFO's with the challenge of eroding margins due to inflation.

Joel Lesser
Joel Lesser
Laura Beverly, the CFO for Half Price Books, is reluctant to raise prices given the weak economy. Further, 54% of CFO's stated their firms absorbed the increased expenses because they feared their customers would simply reject the price hikes. However, small increases to the customer, will make a significant difference to the bottom line. Many companies have negotiated with suppliers, added surcharges, or found efficiencies in their organization to offset the effects of inflation. It boils down to the age old dilemma of managing profits and keeping the customer happy...however these days...it boils down to keeping the customer.

Joel Lesser is a CFO who makes decisions - with his own brand of diligence, integrity and thoughtfulness - that ensure reliable foundations on which businesses and talent may grow.
Acutely aware of the domino effect of change, he constantly asks himself, “Are we not only doing it right, but also are we doing the right thing?”

Tuesday, September 20th 2011
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