Thursday, August 26, 2021
Phones certainly aren’t just for making calls anymore, but how many see the power in the palm of their hand as an enduring weapon in the battle against inflation?
Through our phones and devices, consumers now have the power of near perfect price discovery as well as access to a wide range of markets near and far. That’s a powerful economic force that has impacted markets from cars to cornflakes. Supply chain disruptions are temporarily forcing consumers to compete on price. But as things move back to normal, consumers will increasingly regain control. That’s just the world we live in now.
For more on the power of price discovery to contain inflation and the new meaning it gives to “retail therapy,” please watch this recent Street View video with LPL Financial Director of Research Marc Zabicki. You can watch the video from our YouTube channel or below.
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