Cost have rising up during the past 6-9 months at a magnitude we have not seen for long time.
Copper recently hit its 10 year peak price, Steel is up +35%, Ethylene up more than +70%, Freight Cargo transport rates gone up 4-times (+400%) and truck transport its also up by 15%.
Suppliers globally in B2B markets report the need for significant price adjustments. Get ready and be part of it.
There are four reasons you need to know why the costs are up and every supplier needs to go for price increases:
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