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US companies believe buyers will continue to pay higher prices

25 October 2021
3890
2 min.
8
US companies believe buyers will continue to pay higher prices

Price increases in shops

Some of the world's leading companies are betting that consumers will continue to pay more for products like coffee or toilet paper.

Major companies such as Procter Gamble, Nestle and Verizon Communications plan to increase prices further in 2022 to offset the increased costs of the crisis in the global supply chain and claim that our users to buy most of the product carlos. Expect razor-Gillette, Nestle coffee, Chipotle burrito prices to be higher in the coming months.

The price increase has so far been successful for consumer producers, especially in the US and Western Europe, as customers remain loyal to existing brands.

However, some analysts wonder whether inflationary pressures will increase and consumers will look for cheaper products.

Last week, Andre Schulten said: "A series of September's price hikes did not get a good response from consumers, so we value relative positions."

Many consumers continue to save during the pandemic and use growth wages. As the highly contagious Delta COVID virus remains in the country, the attractiveness of catering, hotels and air travel has declined and consumer spending has increased.

Companies benefiting from this dynamic tell investors to expect consistent sales and profitability in 2022, even if the rising costs associated with supply chain problems have not diminished at all.

Last week, the maker of P&G, Tide and paper diapers Pampers that company announced that it would implement a price increase, which led investors to expect a 1-year profit increase.

Nestle, the world's largest processed food company, revised its full-year forecast for the second consecutive quarter.

Company said that people are not giving up burrito when the rising prices.

According to the largest mobile phone company in the U.S. and Verizon, revenue growth is accelerating this year by encouraging investors to switch to premium plans with benefits like streaming media subscriptions and cheap iPhones.

Persons1 and Companies7 in the news

Chief Financial Officer at Procter & Gamble
Person
Pampers
Organization
Chipotle Mexican Grill
Organization
Gillette
Organization
Tide
Organization
Verizon Communications
Organization
Nestlé
Organization
Procter & Gamble
Organization
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