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Consumer goods giant Unilever behind Dove and Ben & Jerry raises prices by 4% in supply chain backlog

Unilever is raising prices to address rising supply chain costs and expects inflation to accelerate next year.

Owners of Dove and Ben & Jerry’s said Thursday that they raised prices by 4.1% in the third quarter to “offset rising commodity and other input costs.” Unilever has raised prices in all major categories, so the pricing action is “a step up from the first half of this year,” he added in a statement.

According to Bloomberg, this increase is the fastest in at least seven years, as consumer goods producers are tackling spikes in transportation, raw materials and labor costs.

Nestlé said Wednesday that it raised prices by 1.6% in the nine months to September, and Procter & Gamble, which manufactures diapers for Pampers, tide detergents and Gillette razors, has specific grooming to counter rising costs. , Said to raise prices for beauty and oral care products.

Procter & Gamble Chief Financial Officer Andre Schulten told analysts this week that “the supply chain is under pressure from tight labor markets, tight transportation markets and overall capacity constraints. I’m doing it. ” “Inflationary pressures are widespread and persistent.”

more: Procter & Gamble says some grocery price increases

Unilever expects inflation to continue next year, and CEO Alan Jope said he would implement productivity measures to offset rising costs.

“Our current outlook is that peak inflation is in the first half of 2022 and will ease as we move towards the second half,” Jope added in a Bloomberg television interview.

Moody’s Analytics warned this week that stress in the US supply chain could increase and slow the economy in the coming months.

California’s harbor operates 24 hours a day, 7 days a week to alleviate bottlenecks, and on Wednesday Governor Gavin Newsom found land for short-term container storage to move cargo faster. , Instructed the agency to identify the freight route for the truck.

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Julia Horowitz contributed to the report.

The-CNN-Wire ™ & © 2021 Cable News Network, Inc., Warner Media Company. all rights reserved.



Consumer goods giant Unilever behind Dove and Ben & Jerry raises prices by 4% in supply chain backlog

Source link Consumer goods giant Unilever behind Dove and Ben & Jerry raises prices by 4% in supply chain backlog

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