ReimundKrohn
Well-Known Member
100% Truth. This has been the case since 2021 in Industry here in Canada. We're used to seeing vendors add around +2% per year to product costs to keep pace with inflation, since 2021 we're seeing 3-4-5x price increases DURING The year ranging from +5% to +8% PER increase. It's coming from American suppliers as well as overseas suppliers (due to the 1000% shipping cost increases, primarily).It's hitting all industries. Granted, they're (Stellantis) maintaining profits, but suppliers are still hitting big companies with price increase after price increase.
I would hope/expect it to start reflecting the cheaper shipping (oceanic/container) and eventually raw material. Unfortunately, I don't think we'll get away from the increase in labor and that will still stay in the pricing.
Yeah, we're all phuqued.
Sponsored