Supply chain woes lead to higher costs. Results from Procter & Gamble Co, Danone SA, and Ericsson show higher costs and supply chain disruptions. Therefore, this signals more margin pressure for global firms and higher prices for shoppers.
At the beginning of the COVID-19 pandemic, panic buying led to mass shortages of everything from toilet paper to packaged foods. Furthermore, global lockdowns and labor shortages crimped supply chain movement and caused lasting log-jams from China to California ports.
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These supply chain issues make companies lean on price increases to offset higher prices for materials needed to make and ship necessities. These necessities include diapers and bottled water. So ...
