Manufacturers are turning to price increases as their only way to offset record-high energy bills and surging raw material costs, deciding that the risk of losing some sales is worth preserving profit margins.
The moves are a sign that companies are running out of ways to offset the rise in key costs including oil, natural gas, steel and aluminum, while betting their customers will have little choice
but to accept higher prices.
Manufacturers including Navistar International NAV.N and OshKosh Corp (OSK.N: Quote, Profile, Research) over the past week have told investors they plan to raise prices.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment