Inflation Changed Consumers, Time to Rethink Pricing | BCG

15 hours ago · Notably, 44% of consumers are investing more time in comparing prices online or using deal-hunting apps—a figure that rises to 60% in the electronics sector. Price is the kingpin of switching behavior. A full 30% of consumers said they would jump ship to another retailer …

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Inflation Changed Consumers, Time To Rethink Pricing | BCG

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Solving The Pricing Puzzle In Inflationary Times | BCG

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Nov 1, 2023 · Consumer prices in the US rose by 3.7% in the year through August, for example, but prices for transportation services rose 10.3% in that period and prices for used cars and …

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WHITE PAPER Coping With Inflation - Boston Consulting Group

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4. BCG Adverse Outlook: 2022 inflation 8.0%, 2023 inflation 7.0%, 2024 inflation 6.0%. 5. Technical results expressed as percentage of premiums. An active price management would …

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The CEO’s Dilemma - Media-publications.bcg.com

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drop in consumer sentiment index1 +8.6% estimated to be global inflation in 20222 Layoffs and hiring freezes are being announced3 111 days (+34% y/y) new freight time to US from China …

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Consumers Shop Smarter This Black Friday: 38% Have Already …

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1 day ago · "As inflation squeezes household budgets, generative AI is empowering consumers to make fast, informed decisions about what and where they buy," says Jessica Distler, a BCG …

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Consumers Shop Smarter This Black Friday: 38% Have Already …

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1 day ago · Consumers Expect a Minimum 30% Discount for a “Good Deal” BOSTON—As the cost-of-living crisis drives the hunt for bargains, consumers plan to spend a minimum of $310 …

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FAQs about Inflation Changed Consumers, Time to Rethink Pricing | BCG Coupon?

How can a BCG expert help with inflation?

Here’s how. BCG experts share inflation insights to help executives navigate the profound uncertainty of today and build a competitive advantage for tomorrow. Read more. ...

Why are price changes important during inflation?

Price changes are not only essential during inflation, but should form the foundation of any pricing organization. B2B CEOs need to act faster, enforce discipline, and make nuanced price changes to prevent inflation's corrosive effect on profits. ...

Is input-cost inflation the worst in 30 years?

B2B company leaders describe the current extreme input-cost inflation as the worst they’ve seen in the last 30 years.\nLeaders of B2B companies are finding that even most algorithms and pricing tools can’t account for such price changes. ...

How often do B2B companies change prices?

Despite improvements over the last few years, some 33% of B2B companies still change their prices on an annual or semiannual basis*. Our pricing maturity assessment survey shows that the time lags for price changes are still standard practice at the majority of these companies.* ...

How can B2B companies improve their performance in a period of inflation?

B2B companies need to enhance their performance in several areas, especially during inflation. They should act faster, enforce discipline, and make nuanced price changes. These practices are not only crucial in periods of inflation but also form the foundation of any effective pricing strategy. ...

How will inflation affect B2B companies in 2022?

B2B companies are facing a rare opportunity to transform the way they price their products and services due to the current wave of inflation. Input-cost pressures show no signs of abating as 2022 begins. ...