The impact of inflation is being felt worldwide. People struggle to afford the rapidly increasing costs of basic needs and organizations are affected by rising costs of labor and raw materials straining profit margins. Today’s turbulent times require organizations to plan for inflation. It is just one of the many factors that have a high impact on the course of business but are very hard to plan for. A method that can prepare organizations for any possible future is scenario planning. Keep reading to learn what scenario planning is, how to follow the process and what benefits it has for decision-makers across all industries and businesses.