As inflation and supply-chain woes continue, more companies are raising prices
Inflation continues to rise in the United States as supply chain crises rage and worker shortages persist.
The combination of these factors puts pressure on companies that are dealing with higher input costs and offering high wages to attract workers. In turn, companies say they have been forced to raise prices to stay competitive.
Fresh Del Monte Produce Inc. recently announced it would raise prices on bananas, pineapples and fresh-cut fruit, but didn\'t say by how much. "Despite our efforts to mitigate these rising costs in the supply chain, they are simply too large to absorb. Unparalleled costs have been there and there is no sign of regulation, "said Del Monte CHIEF Executive Mohammad Abu-Ghazaleh. "On reflection, it is necessary to implement inflation-reasonable price increases to maintain our continued level of supply and service.".
IKEA owner, Inter IKEA Group, said last week that it would raise prices at the end of fiscal 2021 and into next year.
"Like many other retailers, we are challenged in terms of availability and supply, affected by disruptions in global shipping. We are always working hard to improve the usability of our products, "an IKEA spokesperson told FOX Business in a statement. "We have and will do our best to maintain price stability -- but it is difficult to predict what the impact of the global turmoil may be in the coming months."
Inflation is across the board and people need to get used to higher prices: Kraft Heinz CEO
In a letter obtained by CNN Business, Kraft Heinz told a regional grocery dealer that it will raise prices on hundreds of items beginning January 9, including a 20 percent increase for 7.25 ounces. Kraft Big Bowl Mac & Cheese and certain jelly product varieties are up as much as 16 percent.
The company confirmed to the press that it had raised prices on 80 percent of its products by an average of 5 percent "to help offset the escalating inflation facing the entire industry."
Procter & Gamble
P&G is fighting inflation with price increases in most categories.
Procter & Gamble, the Cincinnati-based consumer products giant, said last month it would raise prices on its beauty, skincare, oral care and other products over the next 90 days.
The company has raised prices on its baby, female care and home care products. All told, P&G will see price increases in nine of its 10 product categories.
As inflation and supply-chain woes continue, more companies are raising prices and will this increase the price of the seamless steel siding?
No sewing, no seams, no stitches. It is seamless. A special knitting technique uses specialized circular looms to develop garments that perfectly fit the body and make people forget they are actually wearing them. By eliminating fabric cutting and sewing processes, the production process is optimized, making seamless production much faster than traditional production. The seamless machine is the production, cutting, stitching seamless clothing and sewing products of the machine and equipment. Looking for Seamless Machine Solutions or product name? Welcome to send an email to firstname.lastname@example.org, and the team will reply within 24 hours.
Industry overview of the seamless steel siding
Compared with woven clothing, knitted clothing has the characteristics of relaxed and comfortable, free movement, soft and close-fitting, and no sense of bondage, accounting for nearly 2/3 of the daily clothing consumption. The traditional knitting process requires the stitching of the knitted piece, but the thickness and seam mark of the stitching will affect the comfort and aesthetics of the knitted garment, especially the tight and corset knitted garment. In order to solve the discomfort and appearance destruction caused by the seamless steel siding suture process for tight-fitting and corset knitted garments (main underwear at that time), seamless knitting was born.
Seamless knitting, also known as "three-dimensional one-time molding knitting technology", its production process is based on the digital model of human body curve database and human physiological function requirements, relying on computer-aided design tools to complete style design, using industrial intelligent digital control technology, The yarn with "three-dimensional, one-piece" modeling structure directly from the industrial knitting machine into a seamless steel siding clothing products, is a digital intelligent modern clothing production technology. In short, seamless knitting technology is the use of special seamless knitting equipment, the use of computer digital simulation function, in the form of three-dimensional production of one-time molding clothing, neck, waist, hip and other curves without suture, can be directly completed from yarn to clothing.
The market trend of the seamless steel siding
With the continuous improvement of people living standards, people demand for underwear gradually increases, and so does the demand for seamless steel siding. With the hot selling of seamless underwear products, the comprehensive and rapid development of seamless steel siding will be driven.
Seamless underwear is a cylindrical product woven directly from the seamless underwear knitting machine. It is one-time molding underwear for the neck, waist and hip without seams. Compared with traditional knitted clothing, seamless underwear is no longer bound by the elasticity of knitwear caused by stitching, so it has higher comfort and fit. Different from traditional underwear, the pattern and style of seamless underwear are completed on the equipment at one time through the process design, with a rich variation. The pattern and style of the new can faster cope with the current rapidly changing market, and quickly attract the attention of consumers from the appearance. At present, seamless steel siding seamless underwear accounts for about 11% of the global underwear market.
The market price of seamless steel siding
China seamless underwear exports account for about 70% of the world total, taking an absolute leading position. The main market of China seamless steel siding exports is the United States (34%), followed by Japan (9%) and The United Kingdom (7%). In the first half of 2020, the export scale of China seamless underwear decreased by more than 30% year-on-year, mainly because the seamless apparel business is mainly concentrated in the European and American markets. In the first half of the year, Europe and the United States became the hardest hit area of the NOVEL coronavirus epidemic, and the end consumption of seamless steel siding seamless apparel had a great impact, leading to a decrease in the number of orders of Chinese enterprises. In addition, the seamless underwear itself is highly related to sports scenes, and the demand for relevant products declines as consumers reduce outdoor activities due to the impact of the epidemic.
It can be seen that seamless steel siding is still a "fresh" product in the eyes of most consumers in China, and the seamless underwear market has not really formed. In the future, with the continuous improvement of national living standards, people demand for sports underwear, body underwear and the seamless steel siding will gradually increase and people will have a better understanding of their functions and characteristics. Once most consumers fully accept seamless underwear products, a huge market space will be revealed, and the price of the seamless steel siding will also fluctuate greatly.
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MASCOON founded in 2013, is focused on providing the best seamless solutions to our clients. We are specialized in supplying kinds of seamless machines, folding machines, gluing machines, hot air seam sealing machines, ultrasonic cutting machines, label printing machines, label cutting machines and so on. Need Seamless Machines for your Shop or Factory? Welcome to send an email to email@example.com, and we will reply within 24 hours.
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