Kimberly Springsteen-Abbott | Understanding Warehouse Space Issues and Inflation in 2022

We’re in a time of great uncertainty. Record inflation levels, continued supply chain challenges, and more contribute to changes in the world economy, especially for companies trying to move physical products. So what does that mean for us? It’s not just about knowing what to do now. It’s about taking a step back and figuring out what the future holds. We can’t wait to see what the world looks like in 2022. Below we’ll explore some considerations for retail businesses in light of inflation.

With inflation levels higher than ever, your budget will likely be tighter than it has been in the past. It will be essential to take into consideration rising costs for transportation services, leasing spaces, and product production. As the world begins to settle into the post-pandemic “normal,” it will no longer be as straightforward to simply look at last year’s budget and use that as a guideline. There have been too many changes to prices, demand, and systems, so be prepared to put more time into budgeting.

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