![]() ![]() Let’s start by talking about what you’re seeing and hearing among consumer company CEOs, who are grappling with very high inflation in many European countries. Thanks to all three of you for your time today. Roman Steiner, a partner based in Zurich, is another coleader of McKinsey’s work in RGM and our inflation response in Europe in both CPG and retail. He is one of the leaders of our work on RGM in Europe and has coauthored several articles on RGM, including a recent one titled “ Revenue growth management: The time is now,” which he wrote along with the two other guests we have on today’s episode. Pieter Reynders is a partner based in the Brussels office. He is a partner based in London, and for 25 years he’s been working with CPG companies around the world to capture the full potential of revenue growth management . Kevin Bright is the global leader of McKinsey’s work on consumer pricing. We’ll hear from our three guests about how companies can not only keep their businesses going amid inflationary pressure but emerge even stronger from this challenging period. Here with us today are three McKinsey partners who have been working closely with consumer-packaged-goods companies on their inflation response. ![]() Rising prices could be part of the economic landscape for the rest of the year and even into 2023.Ĭompanies are responding in a variety of ways. In many countries, inflation is at a record high, and many experts are predicting that it will persist. Monica Toriello: Ask 100 CEOs what their top concern is in mid-2022 and many of them will probably say inflation. ![]() The following is an edited transcript of their conversation with host Monica Toriello. In this episode of the McKinsey on Consumer and Retail podcast, three Europe-based McKinsey partners discuss the varied ways in which inflation is affecting consumer sentiment and behavior, and the crucial implications for consumer companies. ![]() Recent surveys show that it’s one of the top concerns among not just CEOs but also consumers at all income levels. ![]()
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