The cost of living has been increasing across the UK since early 2021. The inflation in the UK reached 11% in 2022, an astonishing 41-year-high, and nobody knows what to expect in 2023.
Inflation is a thorn in the side of CFOs, and everyone reacts differently to the situation. We took feedback from dozens of CFOs on what they did in fighting inflation, and in hindsight, what they should have done. For example, they all say they would spend less time on their daily tasks and more time identifying and considering the impact of inflation. These are the things we will focus on in our guide.
You will find a Checklist of 4 levers to follow and accomplish to limit the impact of inflation as the CFO.