Thursday 21 October 2021

Unilever Warns Of More Price Rises To Counter Increasing Costs

Alongside its third-quarter results today, Unilever became the latest consumer goods manufacturer to warn that more price rises were on the cards as it battles spiralling input cost inflation.

Over the three months to 30 September, the group’s underlying sales rose a slightly better-than-expected 2.5% to €13.5bn. This was driven by an average price increase of 4.1% across its product range which counteracted a 1.5% fall in volumes.

NamNews Implications:
  • P&G, Colgate-Palmolive, General Mills, Kimberly-Clark, NestlĂ©, PepsiCo and now Unilever…
  • Price rises are coming.
  • The only issue is whether average increases of 4.1% for Unilever…
  • …are anything like enough?
  • i.e. can we anticipate even steeper hikes to come?
  • Meanwhile, rivals in Unilever’s categories might benefit from a line by line comparison with Unilever brands and geographies…?
#PriceInflation #SupplyChainInflation

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