Global inflation and energy crisis force companies to tighten their belts

The war in Ukraine has caused a rise in prices that, added to the global energy crisis, is putting the entire planet in check. At the end of August, inflation in the eurozone grew two tenths more, climbing to 9.1%, its historical maximum. Since January, inflation has not stopped increasing, going from 5.1% to the current 9.1%. In Spain, the CPI is shooting above 10%. The first vice president of the Government, Nadia Calviño, has highlighted that our country maintains strong growth despite the current context of “maximum uncertainty.” However, businesses, restaurants and other companies are tightening their belts due to rampant inflation.

What are large stores doing to combat inflation?

Faced with fear of an imminent category email list global economic crisis , according to KANTAR, 4 out of 10 households today look for promotions on consumer products, which implies the substitution of one food for another, and the preference for private labels. The public and private sectors have also launched a search for solutions to alleviate the effects derived from the Ukraine crisis. Beyond the measures implemented by the Government (fuel rebate, Iberian gas cap mechanism, reduction of gas VAT from 21% to 5% or rebate on public transport), companies from all sectors have also proposed initiatives to face the coming recession.

European companies in trouble

Both small businesses and large China Phone Numbers corporations are suffering the consequences of the global energy crisis and inflation. Many of them are struggling to get ahead and do not stop looking for measures that can alleviate the effects of inflation. For example, the European banking sector is already preparing alternative energy sources and backup generators to provide power to companies in the event of power outages. According to the Reuters agency , financial institutions want to find solutions so that online banking and ATMs can continue to function even if Russia decides to cut off the gas supply.

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