Some suppliers have announced that consumers, and retailers, will see a price increase on specific brands and product types:
“Even though most food companies are mainly blaming price increases on higher costs for ingredients, fuel, shipping and the driver shortage, the added revenue is also helping to boost lagging earnings. Mondelez announced price hikes in its latest earnings report after posting a net revenue drop of 3.7% from slumping North American sales. Nestlé noted a 0.6% price increase in this region in its most recent quarter, helping to bump up organic sales by 1.4% in the past nine months.”
P.S. Are you concerned about pricing issues? 8th & Walton’s Walmart experts can help you review your options and address buyer concerns. Book an appointment today.