The cost-of-living crisis is a thorny issue for businesses dealing with the likes of supply chain issues, inflation, social pressures, and workforce tensions. Against this backdrop, marketers will be under pressure to justify why investing in a brand is necessary and appropriate, writes Nir Wegrzyn.
Why it matters
Pricing is a very complex and delicate part of the brand growth equation, especially in an economic downturn. Making the wrong move can damage revenue or market share, as well as undermining long term brand equity.