The escalating Russia-Ukraine conflict has pressured fast moving consumer goods (FMCG) companies in India to consider another round of price hikes to offset an unprecedented rise in commodity prices such as wheat, palm oil and packaging materials.
Big blow to household budgets! Daily essentials set for 10-15 percent hike - FMCG companies are mulling another round of price hike to offset the impact of an unprecedented level of inflation in commodity prices.
FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rising Covid-19 cases across the country, and have ramped up supplies to their stockists to avoid a supply shortage. Companies such as Parle Products, Dabur India and ITC, which are already facing inflationary pressures on inputs, are keeping extra stock of raw materials
Get latest articles and stories on Latest News at LatestLY. FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Latest News | FMCG Cos See Customers Pantry Loading as COVID-19 Cases Spike; Say Ready with Stocks.