Reckitt Benckiser CEO Kris Licht has warned that the economic impact of the Iran crisis is only beginning to filter through to consumers, with inflationary pressures expected to build over the coming months.
Licht said consumers have yet to feel the full effect of disruptions caused by the conflict, particularly across supply chains and commodity markets.
Reckitt Benckiser, the maker of brands such as Dettol and Durex, expects the Iran crisis to trigger broader increases in raw material and commodity costs over the next six to 12 months.
“We’re really just at the beginning of seeing all that come through and affect the consumer,” CEO Kris Licht said, adding that a range of feedstocks and commodities could see significant price movements as the conflict’s economic effects spread.
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