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|| Consumer durable prices set to rise||
The sharp rise in price of commodities, such as copper, steel, aluminium and ABS plastic, will lead to an increase in the prices of consumer durable products in the range of 6 to 20 per cent depending on the appliance before the end of the month or in January, said company officials.
The increase in commodity prices has also worsened the supply issues the sector has been facing in the last couple of months, leading to a further shortage of products.
The recent import restrictions, coupled with the freight issues and delays in port clearances for some imported products, have augmented the supply issue. On an average, depending on the category, anywhere between 25-70 per cent of the components of appliances are imported.
The entire infrastructure is reeling under a lot of pressure. Manufacturers are also resorting to brief shutdowns for conducting their routine annual maintenance, which were postponed due to the pandemic, further impacting the supply side. Ocean and air freights are higher than before and container movements are not smooth, Kamal Nandi, Business Head and Executive Vice President, Godrej Appliances, told BusinessLine.
https://www.thehindubusinessline.com/economy/consumer-durable-prices-set-to-rise-by-6-20/article33399460.ece
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You can enroll as a voter for MLC elections now if you have not enrolled earlier. https://ceotserms1.telangana.gov.in/MLC/Form18.aspx || Consumer durable prices set to rise|| The sharp rise in price of commodities, such as copper, steel, aluminium and ABS plastic, will lead to an increase in the prices of consumer durable products in the range of 6 to 20 per cent depending on the appliance before the end of the month or in January, said company officials. The increase in commodity prices has also worsened the supply issues the sector has been facing in the last couple of months, leading to a further shortage of products. The recent import restrictions, coupled with the freight issues and delays in port clearances for some imported products, have augmented the supply issue. On an average, depending on the category, anywhere between 25-70 per cent of the components of appliances are imported. The entire infrastructure is reeling under a lot of pressure. Manufacturers are also resorting to brief shutdowns for conducting their routine annual maintenance, which were postponed due to the pandemic, further impacting the supply side. Ocean and air freights are higher than before and container movements are not smooth, Kamal Nandi, Business Head and Executive Vice President, Godrej Appliances, told BusinessLine. https://www.thehindubusinessline.com/economy/consumer-durable-prices-set-to-rise-by-6-20/article33399460.ece
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