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Wednesday, April 21, 2021

CPG Costs Rise in Pandemic

Seems like a need for analytical modeling of costs.  My former employer needs to step up to the  problem.

Price hikes on the horizon for P&G as material costs rise

In Reuters: 

Procter & Gamble Co (PG.N) said on Tuesday it would raise prices of certain products in the United States to offset rising costs that were already weighing on its fourth quarter, after reporting a better-than-expected quarterly result.

The Cincinnati-based company joins a growing list of consumer product makers hiking prices this year as they battle increasing costs for everything from transport to pulp and resin or edible oils and nuts.

P&G said since it gave its initial guidance for fiscal 2021 last year, costs had risen by $400 million, including after tax costs of $125 million for commodities that will largely hit the fourth quarter and $200 million in higher freight costs.... " 

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