So long, discounts

INC. THIS MORNING So long, discounts Good morning, There’s an upside to inflation for business owners. You likely won’t need to resort to discounts anytime soon and in fact, you may even need to raise prices. Currently, inflation is pushing price increases at a rate of about 5 percent per year and while that might not sound like a lot, it's a considerable jump from the 2 percent annual increases the U.S. has seen over the past decade. And it likely won’t level off anytime soon until supply chain problems are fully resolved, which logistics experts estimate may happen as late as 2023. To compensate, businesses will need to make changes, including raising prices, making budget cuts, and reprioritizing needs--all while trying to keep customers happy. Read on for [tips on how to cope with inflation woes]( and keep losses to a minimum. SPONSORED CONTENT [Lead Generation like you always imagined.]( Ready to sell more and sell faster? Identify and connect with leads in real-time — with [bant.io]( the all-in-one B2B lead generation service. JOIN US: As co-founder and CEO of &pizza, a fast-casual pizza chain constantly ahead of the curve on technology, Michael Lastoria is paving the way for how the food and beverage industry should treat employees. Join Inc. for what promises to be an inspiring conversation as Lastoria shares pivotal moments in his personal and professional journey. - Wednesday, November 10, 2021, 12:00 PM - 1:00 PM ET - [Register today]( HERE'S WHAT ELSE I'M READING TODAY: You can still offer free shipping after carrier rates increase, it just [gets a little more complicated](. --Inc. [Toxic positivity]( is real, and it’s likely part of your organization. --WSJ This founder wanted to sell his company. [He found the right buyer]( when an executive reached out to him during the George Floyd protests. --Inc. This founder built the largest organic baby food company in the U.S. Now [she’s talking sustainability](. --Inc. Here’s how to detect [subtle discrimination]( in your customer service. --HBR ONE MORE THING: [Your dress code]( says a lot about your hiring strategy--whether you like it or not. --Inc. --Brit Morse Assistant editor, Inc. How are we doing? Send me ideas and feedback at [BMorse@inc.com](mailto:BMorse@inc.com?subject=Inc.%20This%20Morning%20Feedback) and on Twitter at [@britnmorse](. Join the visionaries who choose Inc. as their trusted source for the most accurate reporting on business. [Join Inc. Unlimited today.]( [Click here]( to forward to a friend. This email was sent by: Mansueto Ventures 7 World Trade Center, 29th Floor New York, NY, 10007, [Unsubscribe]( • [Update Profile]( • [View in Browser]( • [Privacy Policy](