“I would say the conversation is something that we anticipate as we see disinflation and eventually, we see deflation, then we would expect it to ramp up.”

In context

“l like you can hold on to some of those price increases that you've gotten the last couple of years? Mike Roman: So yes, Scott, I would say as you see -- Monish called it disinflation, moderating of inflation. You're going to start to have discussions around impact on price. I would say when we look at it, our price value is in the right place where we are, where we face our markets. You -- I would say the area where you have the most discussion, typically are retail markets. It's an ongoing discussion, it always is. Even in the times of high inflation, it's a strong discussion. But price is a topic everywhere, right? We're confident that we're priced in the right place as we come through this market dynamic broadly. So we're not looking at pressure specific in one segment or another. But I would say the conversation is something that we anticipate as we see disinflation and eventually, we see deflation, then we would expect it to ramp up. Scott Davis: Okay, that's helpful. And guys, a little bit bigger-picture question. When you talk about supply chain streamlining, what do you mean exactly? I mean, how do you balance kind of the -- I'm assuming that means kind of localization. But between balancing between resiliency and not being relying on any particular supply partner but sometimes there's added costs that come into resiliency. So how do you think about streamlining and the cost-benefit of streamlining? And maybe you can give us a more concrete example of that to help us understand what that means specifically. Mike Roman: Yes, Scott, maybe I'll step back for a second. As we came through the pandemic, we saw a lot of factors impacting our supply chains. Inflation, labor shortages, raw material availability, all that wa”