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Diapers, Cereal and, Yes, Toilet Paper Are Going to Get More Expensive

treemanjohntreemanjohn Posts: 7,998 Admiral

Procter & Gamble is raising prices on items like Pampers and Tampax in September. Kimberly-Clark said in March that it will raise prices on Scott toilet paper, Huggies and Pull-Ups in June, a move that is “necessary to help offset significant commodity cost inflation.”

And General Mills, which makes cereal brands including Cheerios, is facing increased supply-chain and freight costs “in this higher-demand environment,” Kofi Bruce, the company’s chief financial officer, said on a call with analysts.

These price increases reflect what some economists are calling a major shift in the way companies have responded to demand during the pandemic.

Before the virus hit, retailers often absorbed the cost when suppliers raised prices on goods, because stiff competition forced retailers to keep prices stable. The pandemic changed that.

It created chaos and confusion in global shipping markets, leading to shortages and price increases that have cascaded from factories to ports to stores to consumers. When the pandemic hit, Americans’ shopping habits shifted rapidly — with people spending money on treadmills and office furniture instead of going out to eat in restaurants and seeing movies at theaters.

This, in turn, put enormous pressure on factories in China to produce these goods and ship them across the Pacific in containers. But the demand for shipping outstripped the availability of containers in Asia, yielding shortages that resulted in higher shipping costs.

We’re like the piggy bank that everybody is robbing, and that ends
«13456725

Replies

  • MelbourneMarkMelbourneMark Posts: 3,843 Captain
    Inflation here we come!
  • mindyabinessmindyabiness Posts: 7,462 Admiral
    1000 shipping containers have fallen overboard this year already.
    3000 left the deck in 2020.
    https://www.marketplace.org/2021/04/27/more-and-more-shipping-containers-are-falling-into-the-sea/
    Arguing with idiots is like playing chess with a pigeon... No matter how good you are, the bird is going to crap on the board and strut around like it won anyway.
  • swampdogswampdog Central FloridaPosts: 3,947 Captain
    Needs to be hefty fines on polluting the High Seas. Inventory what goes on and what goes off and pay for sloppy containment. 
  • YnotjaxYnotjax Posts: 698 Officer
    What I read all shipping costs will go up.  Even domestic shipping shortages on truck drivers. Some caused by shutting off pipelines.  Will increase food costs an possibility fuel shipments 
  • cadmancadman Home of the Gators Posts: 40,385 AG
    Prices always go up.

    Former Mini Mart Magnate

    I am just here for my amusement. 

  • treemanjohntreemanjohn Posts: 7,998 Admiral
    Ynotjax said:
    What I read all shipping costs will go up.  Even domestic shipping shortages on truck drivers. Some caused by shutting off pipelines.  Will increase food costs an possibility fuel shipments 
    Correct. Shipping lanes are a mess now. We've seen a lot of increases. I mentioned that back in December as well. 

    Just wait until the new California law starts putting the clamps on independent truckers. 
    We’re like the piggy bank that everybody is robbing, and that ends
  • jetmech2jetmech2 Panhandle Posts: 1,454 Officer
    Not to mention putting a trillion plus dollars into the economy. To many dollars chasing to few goods. 
    Economics 101. 
  • MelbourneMarkMelbourneMark Posts: 3,843 Captain
    Quite a few trillion. I think 6 in the last 18 months? Both parties share blame
  • ProfessorOProfessorO Posts: 904 Officer
    Medicinal herbs have been getting cheaper.
    The goal of scientists is to maximize what we know of the real world by using the mathematical world to optimize the information from the observed world.
  • MelbourneMarkMelbourneMark Posts: 3,843 Captain
    "medicinal" ?     haha
  • Big BatteryBig Battery Posts: 21,694 AG
    cadman said:
    Prices always go up.

    As usual, incorrect.

  • cadmancadman Home of the Gators Posts: 40,385 AG
    Yeah, price go down year after year, 

    As I have said, the opposite of anything you post is the truth 

    Former Mini Mart Magnate

    I am just here for my amusement. 

  • Sixth GenerationSixth Generation Posts: 910 Officer
    The chlorine plant in Lake Charles is still down...  That makes it hard to manufacture paper goods...  PVC resin as well.
  • kellerclkellercl Posts: 11,772 AG
    Video games are going up too.  Ps5 games are $79.  
    #Lead beakerhead specialist 

    "Soul of the mind, key to life's ether. Soul of the lost, withdrawn from its vessel. Let strength be granted, so the world might be mended. So the world might be mended."
  • jetmech2jetmech2 Panhandle Posts: 1,454 Officer
    kellercl said:
    Video games are going up too.  Ps5 games are $79.  
    You should see the price of VHS and BETA rentals!
  • dave44dave44 Posts: 17,185 AG
    The chlorine plant in Lake Charles is still down...  That makes it hard to manufacture paper goods...  PVC resin as well.
    Well, I went and bought a bunch of 3” tabs and shock. But I didn’t think about pvc, my suppliers keep sending me price increase notifications on all construction components.
         You know what we need on top? A VAT tax! That’d show us!
  • ferris1248ferris1248 Posts: 20,657 Moderator
    I'm stocked up for the summer. Just ordered a pallet of 1" bromine tabs, 25 lb buckets and 300 gallons of sodium hypochlorite. The tabs will last me till Sept or so.. I'll go though the chlorine about every 4 weeks. 

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • kellerclkellercl Posts: 11,772 AG
    jetmech2 said:
    kellercl said:
    Video games are going up too.  Ps5 games are $79.  
    You should see the price of VHS and BETA rentals!
    I'm all about laser disk.
    #Lead beakerhead specialist 

    "Soul of the mind, key to life's ether. Soul of the lost, withdrawn from its vessel. Let strength be granted, so the world might be mended. So the world might be mended."
  • Soda PopinskiSoda Popinski GrovelandPosts: 16,407 AG
    I'm stocked up for the summer. Just ordered a pallet of 1" bromine tabs, 25 lb buckets and 300 gallons of sodium hypochlorite. The tabs will last me till Sept or so.. I'll go though the chlorine about every 4 weeks. 
    I think we are going back to the salt chlorinator for now.   i think it's snake oil but whatever the wife wants to try it again.  
    You can't pet a dead dog back to life 
  • ferris1248ferris1248 Posts: 20,657 Moderator
    Probably a smart thing to do this year. 

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • kellerclkellercl Posts: 11,772 AG
    edited April 2021 #22
    Easy solution.  Universal toilet paper for all.
    #Lead beakerhead specialist 

    "Soul of the mind, key to life's ether. Soul of the lost, withdrawn from its vessel. Let strength be granted, so the world might be mended. So the world might be mended."
  • MelbourneMarkMelbourneMark Posts: 3,843 Captain
    at some point, every countries currency is toilet paper
  • King_MeKing_Me Delray Beach, FLPosts: 7,086 Admiral
    Anyone buy a 2X4 lately?
  • conchydongconchydong Pompano BeachPosts: 11,975 AG
    The price of lumber is friggin ridiculous. 

    “Everyone behaves badly--given the chance.”
    ― Ernest Hemingway

  • Mister-JrMister-Jr Posts: 28,893 AG
    kellercl said:
    Easy solution.  Universal toilet paper for all.

    The quality of today's toilet paper is crap.
    Vote for the other candidate
  • conchydongconchydong Pompano BeachPosts: 11,975 AG
    Use a tabo

    “Everyone behaves badly--given the chance.”
    ― Ernest Hemingway

  • dave44dave44 Posts: 17,185 AG
    King_Me said:
    Anyone buy a 2X4 lately?
    And osb sheathing.
  • Fly_FlingerFly_Flinger United StatesPosts: 208 Deckhand
    LUXE Bidet Neo 120 - Self Cleaning Nozzle - Fresh Water Non-Electric Mechanical Bidet Toilet Attachment blue and white
    Member formerly known as "Team Sabatage"  Lost during the great wipe out of 2019
  • treemanjohntreemanjohn Posts: 7,998 Admiral

    (Bloomberg) -- The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.

    From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime sandwich to gleaming skyscrapers. It’s also lit the fuse on the massive reflation trade that’s gripped markets this year and pushed up inflation expectations. With the U.S. economy pumped up on fiscal stimulus, and Europe’s economy starting to reopen as its vaccination rollout gets into gear, there’s little reason to expect a change in direction.

    JPMorgan Chase & Co. said this week it sees a continued rally in commodities and that the “reflation and reopening trade will continue.” On top of that, the Federal Reserve and other central banks seem calm about inflation, meaning economies could be left to run hot, which will rev up demand even more.

    “The most important drivers supporting commodity prices are the global economic recovery and acceleration in the reopening phase,” said Giovanni Staunovo, commodity analyst at UBS Group AG. The bank expects commodities as a whole to rise about 10% in the next year.

    We’re like the piggy bank that everybody is robbing, and that ends
  • LimeyLimey Posts: 569 Officer
    dave44 said:
    The chlorine plant in Lake Charles is still down...  That makes it hard to manufacture paper goods...  PVC resin as well.
    Well, I went and bought a bunch of 3” tabs and shock. But I didn’t think about pvc, my suppliers keep sending me price increase notifications on all construction components.
         You know what we need on top? A VAT tax! That’d show us!
    Don’t even go there with the VAT tax. I was in the UK when they started that. Was only going to be for a short time and on high end items. Well 50 years later it’s still there 
    Carolina Skiff 238 DLV. 140 Suk
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