Procter & Gamble is raising prices on items like Pampers and Tampax in September. Kimberly-Clark said in March that it will raise prices on Scott toilet paper, Huggies and Pull-Ups in June, a move that is “necessary to help offset significant commodity cost inflation.”
And General Mills, which makes cereal brands including Cheerios, is facing increased supply-chain and freight costs “in this higher-demand environment,” Kofi Bruce, the company’s chief financial officer, said on a call with analysts.
These price increases reflect what some economists are calling a major shift in the way companies have responded to demand during the pandemic.
Before the virus hit, retailers often absorbed the cost when suppliers raised prices on goods, because stiff competition forced retailers to keep prices stable. The pandemic changed that.
It created chaos and confusion in global shipping markets, leading to shortages and price increases that have cascaded from factories to ports to stores to consumers.
They always target the working class… if you are of the working class and voted for a democrat you’re a fool and proof that we need not only voter ID but voter minimum IQ level
WRONG!!! Retailers NEVER absorb supplier price increases. He’s lying…
Get cloth diapers and save thousands of dollars and trees and lighten the landfill.
Revolution is coming.
What happened in France when Marie Antionette told the starving peasants to “eat cake” if they were so hungry?
Does anyone ever pay attention to history anymore?