Insight

When the Price is Wrong: Managing rocketing materials costs

How to handle today’s price spikes and materials shortages

Randy Fike

Randy Fike

Advisory Managing Director, Strat - Center of Excellence, KPMG LLP

+1 850-247-5888

Eric Logan

Eric Logan

Principal, Corporate Strategy, KPMG US

+1 216-875-8191

Kunal Shah

Kunal Shah

Director Advisory, Procurement & Outsourcing Adv, KPMG LLP

+1 312-665-2072

Supply chain issues have clogged ports and sent prices for materials soaring—the fastest inflation in materials costs since the 1970s. What can CFOs, COOs, and supply chain officers do to get a grip on their materials costs and availability? 

This brief paper looks at how you can prevent a temporary squeeze from causing permanent damage to your business. We discuss eight proven strategies that CFOs, COOs, and supply chain officers can use to enforce contracts and push back—and remain resilient to future shocks.