US is currently facing 8% inflation and rising. Goods are stuck in port not being able to enter US and there are delays of a week or more. Consumer price index 2021: Why US inflation is so high, and when prices will stop spiking - ABC7 San Francisco (abc7news.com) (Links to an external site.)

What should businesses do? What should consumers do? Please keep in mind all of us who work for businesses are also consumers. So, we effect both elements in this conversation.