Friday, April 30, 2021

Procter & Gamble, Kimberly-Clark and Coca-Cola have all warned that they'll raise prices on many of their products as raw material costs rise

 I still wonder about the Registered Investment Advisers going out of their way to say:

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP.vpUvtoYzE7b_wvib3vKQVgHaE5%26pid%3DApi&f=1

From WBIR, Knoxville TN, April 29:

Everyday products are about to get more expensive, companies warn

Plastic, paper, sugar, grain and other commodities are all getting more expensive as demand outpaces supply.

Toilet paper, baby care products, soft drinks and many other everyday products are about to get more expensive.

Procter & Gamble, Kimberly-Clark and Coca-Cola have all warned that they'll raise prices on many of their products as raw material costs rise. Plastic, paper, sugar, grain and other commodities are all getting more expensive as demand outpaces supply. Companies are also paying more for shipping as fuel costs rise and ports experience longer delays because of congestion.

The potential hit to consumers’ wallets comes as the economy returns to some semblance of normalcy. Vaccine distribution continues at a steady pace, promising to put the worst of the pandemic and business shutdowns in the past. States have been loosening restrictions and businesses are reopening to a lot of pent up demand from people who have been staying cautiously close to home during the pandemic.

But that improving economy and pent-up demand is straining distribution channels for raw materials and other goods.

Prices for many consumer goods, such as toilet paper, ticked up modestly over the last few months, according to data from NielsenIQ. Pressure is building, though, as costs increase for companies and many have signaled that the price increases are coming later this year and likely into 2022 to offset the impact.

Cheerios maker General Mills is considering raising prices on its products as things like grain, sugar and other ingredients become more expensive. Hormel Foods has already increased prices for Skippy peanut butter and its turkey products.....

....MUCH MORE

Not Cheerios! There go our leisurely games of pin-cushion ring-toss! 

Leaving me far too much time to think.

How would I bribe an RIA to say certain things while leaving little to no trace?

Hmmmm....perhaps give them some millions to invest solely in ultra-low-cost index ETFs so they could pocket some fee income? Hmmm,

While I hedge that bet in unrelated accounts with what look like speculations? Hmmmm....

Ma, Pa, let's go buy us an RIA to write stuff for us.

Well that certainly took a conspiratorial turn.

Better to keep occupied than to pursue this 'thinking' thing.