The Hartford Small Biz Ahead: Shrinkflation: Is It a Good Cash Management Strategy to Use?
Feb 21, 2024
Why this cash management strategy can help
Today I take a look at “shrinkflation” — what it is, why some of the largest brands (e.g., Walmart) practice this tactic, and why it might help small business owners maintain their margins in an inflationary environment. I also take a look at the high costs of production, overhead, and labor.
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