In North America, Procter & Gamble recently announced price adjustments in approximately 25% of its products, which will enter into force in the coming months. He said the average increase will be approximately 2.5%, widely in line with general inflation.
“These adjustments reflect a combination of factors, including the highest costs of raw materials and the supply chain, investments in product innovation and the impact of recently announced rates,” said a spokesman.
The world of Mondelēz’s world snacks, which is behind brands such as Oreo and Ritz, also announced incremental prices to enter into force in the coming months.
“We are clearly at a time when we see that inflation rises,” said financial director Luca Zaramella.
Zaramella said that the price of raw materials is increasing, especially as regards cocoa.
Hershey is also seeing the effects of the peak on its essential ingredient. He said in a statement that his pricing with retail customers is not related to rates or commercial policies, but reflects “the reality of the increase in ingredient costs, including the unprecedented cost of cocoa.”
Cocoa prices have fired more than 165% in the last two years.
For years, “we have worked hard to absorb these costs and continue making 75% of our product portfolio available for consumers for less than $ 4.00, ensuring that Hershey treaties are kept accessible and affordable for families everywhere,” said the company.
The clothing sector also feels the pressure and warning of price increases. The German sportswear giant Adidas said Wednesday that he could have to increase prices, only in the United States, due to the important impact rates they will have in the cost of the company’s US products. Adidas reported that tariffs would add around 200 million euros ($ 231 million) in costs in the second half of this year.
“What we can say is that we will not be the price leaders. We will move slowly and we will see what is happening in the market,” said CEO BJørn Gulten in a gain call.
Many more companies also report abolled profits due to Trump rates.
On Tuesday, Stanley Black & Decker said he hopes to incur an annualized impact of $ 800 million of policy changes that are linked to tariffs. And Conagra Brands said that tariffs are probable to increase the costs of goods sold by 3%, which would be an annual increase of more than $ 200 million, according to their CEO, Sean Connolly.
The automotive industry seems to be making adjustments too. Elon Musk Tesla said costs as a result of tariffs have increased around $ 300 million, and General Motors said that earnings before interest and taxes in this most recent quarter fell to $ 1.1 billion, which attributed to tariffs.
Ford said Wednesday that he sees an impact of up to $ 3 billion of tariffs, but he hopes to compensate $ 1 billion of that.
Evie Steele and Kayla Steinberg contributed.
