![Luxury Items Price Surges](https://bblandpartners-16ea0.kxcdn.com/images/uploads/_max/Web_Luxury_items_price-17.png)
- In Insights
Inflation, rising production costs and supply chain disruptions are contributing factors to rising prices.
On one hand, passing the costs onto consumers is a risk. On the other, it calls to mind the law of scarcity. To make the products more desirable, brands are making them less accessible. With the post-pandemic increase in demand for luxury goods, it’s all about positioning and what type of customer brands want to be represented by.- Prev All Next