Inflation pushing nearly 90% firms to raise prices in 2023
In a new Forbes/Xometry/John Zogby Strategies survey shared with Secrets about the impact of inflation and the continued supply chain crisis under President Biden, 87% of manufacturing CEOs said they planned to increase prices in 2023.
Many cited the ongoing supply chain crisis, problems getting materials from China, and sellers taking advantage of the economic mess to jack up prices.
The expected price increases by executives of companies with manufacturing operations indicate that the inflationary climate is unlikely to recede quickly,” said the analysis.
Joe Biden has killed your purchasing power and made you drastically poorer. Anyone trying to live on a fixed income is f*cked now.
h/t Gypo O’Leary