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Electrolux hikes prices as component shortages persist

20 Jul 2021, 12:30 IST20 Jul 2021, 12:30 ISTRelevance: 85%
Electrolux hikes prices as component shortages persist

📊Executive Summary

Electrolux has announced a price hike due to rising costs of raw materials and worsening shortages of electronic components, particularly semiconductors. The CEO indicated that the supply situation is expected to become more constrained in the third quarter, impacting the company's ability to meet market demand. The anticipated negative impact from increased costs, including tariffs and labor inflation, has risen to 3.5 billion kronor for 2021. This situation necessitates close monitoring by procurement teams, particularly in the context of pricing trends and supply shortages in the electronics sector....

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Classification

Industries

Appliances & White Goods
Consumer Electronics

Components

Semiconductors & ICs
Passive Components

Topics

Semiconductor
Supply Shortage
Pricing Trends

Risk Categories

Supply Shortage
Price Volatility