Consider something prescient in current news flow: the complicated nature of 2021-2022 inflation in the US and other developed economies. Traditionally, we think of inflation being driven either by excess household demand or shortages in supply. In the post-2020 world, this is no longer the case.

Inflation, of course, is a major factor in corporate finance.

Q1: In your opinion, should this be considered a VUCA event or a risk event? Why? Why not?