Posted on 09/13/2021 8:47:31 AM PDT by E. Pluribus Unum
Inflation is running hotter than expected amid ongoing supply chain disruptions and a shortage of semiconductors, the chief financial officer of 3M said Monday.
Speaking at a Morgan Stanley conference, 3M CFO Monish Patolawala said input costs were rising at a faster than expected pace.
The company has been raising prices for its goods but “we are seeing inflation outstrip price,” Patolawala said.
Patolawala raised the cost impact on earnings from a range of 50 to 100 basis points to a range of 100 to 150 basis points, citing the rising price of raw materials and higher labor costs.
The finance chief said that the chip shortage is expected to continue into next year. The company raised its estimate for the downward pressure on auto production from three percent to six percent.
(Excerpt) Read more at breitbart.com ...
It’s a transitory Armageddon…
No problem. The Dems, with the help from the fake news” will just blame “big meat” and their sheep like voters will lap the lie up.
“Inflation Is A Bigger Problem Than Expected”
NO Excrement there Lone Ranger.
supply and demand
many sections of walmart not full stocked yesterday
not enough workers(supply). Prices way up on other items. Just wait until the vaccine walkouts
Ya think!
Aw, you lousy CEO’s and your taking a knee for anti-American BLM types so you could rake in some bucks again.
Now those who cry crocodile tears for my exemption, you fools should have poured money and endorsements into the Trump campaign. To balance out the other CEOs and their nod to BLM Marxist black racism.
Now you cry.
My feed prices just keep on creeping up and up and that will drive up food prices as well.
Prices of some staples have been driven sky-high. Some of the truly startling annual numbers from Friday’s Producer Price Index:
•Beef and Veal: +59.2 percent
•Pork: +34.1 percent
•Chickens: +32 percent
•Fish: +18 percent
•Turkey: +41.4 percent
•Fresh eggs: +31.7 percent
Shortening and cooking oils are up a jaw dropping 43.5 percent.
Press toadies at the Washington Post and New York Times don’t agree... they’re still kissing Biden Butt...
You ain’t seen nothin’ yet.
Unfortunately for us.
Wallpaper will become very affordable soon.
The color of the dollar bill matches that of my tub and bathroom flooring quite well.
I have not hunted for deer in years.
I am not anti hunting. I just am no longer proficient with a rifle/shot gun.
However, I could easily harvest a deer on my own property.
I might just to put some venison in the freezer.
Shocked I tell ya!
Just print more money to stimulate the economy.....
Wallpaper will become very affordable soon.
The color of the dollar bill matches that of my tub and bathroom flooring quite well.
—
“We’re out of Charmin!”
“No problem. There’s a stack of $20s in the medicine cabinet.”
Nooooo!!!!!!!!!!!!!!!!!!
The Democrats have turned scape-goating into an art form.
They are going to blame every single industry out there as well as grocery stores and other stores.
They will do everything in the world except admit the truth—”This is our fault and we take full responsibility for it. We apologize to the American people.”
Remember when ODumbass was president and they stopped telling us the ‘consumer price index’?
I know before he was in office my average grocery bill was about $150- afterwards it was $350.
NY Times had an article saying inflation could be good for the economy (now that a Dem is President). Let’s see how good inflation is for the Dems running for re-election next year.
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