07/28/2022

Growth, Inflation and Adapting to Unpredictable Times

Understanding what business leaders and consumers are facing

From boardrooms to grocery stores, inflation is affecting everyone. Prices are up over 7 percent in the United States and more around the world—with no signs of coming down anytime soon. Businesses are already reeling, and tired, from two years of a global pandemic that required nimble, innovative solutions. But it’s time again to strategize, said Alex Abdelnour, a partner working with clients on growth strategy, price optimization and revenue management. Managing inflation effectively to limit disruption is possible, and Abdelnour has helped identify a variety of tools and practices to help.

Abdelnour grew up in Lebanon and came to the U.S. in 2005 to earn his Ph.D. at Georgia Tech in engineering. He’s made Atlanta home and built a family of four children with his wife. The inflation crisis is top of mind not only for his work, but for his family in Beirut, a nation that has been struck by soaring inflation. The currency has drastically devalued even as prices have skyrocketed.

We spoke with him to get insight into strategies that businesses and consumers need to weather the coming months.

Please select this link to read the complete blog post from McKinsey & Company.