Rising inflation is creating challenges for everyone, with prices rising on essentials for all. Whether at the supermarket or within the supply chain, increased prices due to inflation result in unplanned expenses that need to be accounted for. Some manufacturers are attempting to absorb as much of the cost increases as they can, but that can be a poor long-term strategy as it impacts the company’s survival.
 
Addressing this problem in this MPO Videobites is Tim Steele, founder and CEO of Microspec Corporation. He speaks to the problems his organization is facing first hand, how they are trying to handle it, and what it means for the industry at large.
 
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