Attention consumers! U.S. prices of household goods are rising in June and more

From diapers to corn flakes, U.S. manufacturers of household goods are beginning to feel the pressure of rising raw material prices, and some have begun to pass on the higher costs to consumers.

Kimberly-Clark (Kimberly-Clark), which produces curious diapers and toilet paper, said that in response to the rising cost of raw materials, the North American consumer goods sector plans to raise prices for a number of products at the end of June, by more than 5% but less than 10%, for baby care, adult health care and toilet paper businesses.

Previously, some consumer goods manufacturers have raised the prices of many essential products. Higher demand for products such as paper towels, cleaning supplies and packaged prepared foods means fewer discount promotions.

General Mills, the maker of Cheerios cereal, also said it would raise prices in response to rising commodity prices and to reflect higher shipping and manufacturing costs. Executive Harmanin said, “Competitors and retailers are facing the same situation.”

Kimberly-Clark said almost all of the adjustments are to product markups to help offset the impact of big increases in raw materials. The company warned in January that commodity costs could increase by $450 million to $600 million this year, with pulp, recycled fiber and resin costs all looking up, but it did not plan to raise markups generally at the Time. Now, the company said the commodity supply environment has deteriorated, with pulp and polymer resins out of stock.

The last time Kimberly-Clark significantly raised prices and issued a cautious statement to that effect was in 2018, when pulp prices soared, pushing up the cost of diapers, toilet paper and other products.

The global supply chain was hit by the New Crown (CCP virus) Epidemic last year, and things have been rough this year. extreme cold spells in February triggered major power outages in Texas, leading to the closure of chemical plants and causing shortages in raw material supplies, affecting the production of medical masks, smartphones and a wide range of other products. U.S. polyethylene, polypropylene and other compounds are selling at the highest price in years.