News | CNBC
Costco, Nike and FedEx Are Warning There’s More Inflation Set to Hit Consumers as Holidays Approach
Keith Jelinek comments on how companies are pressed to deal with inflationary pressures ahead of a critical period.
“Getting closer to the holidays, we have been working with retailers and what we see is, No. 1, they’ve got to be flexible with their supply chain,” said Jelinek. “We’ve seen cost-of-good increases especially in apparel, also costs of inbound shipping with the costs of containers, increases with transportation, trucking to get into distribution centers.”
He also discusses operating profits and other operational efficiencies, and how long consumers will be willing to pay higher prices.