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Clorox expects $200M inflation hit, supply chain costs a factor
['Antone Gonsalves']
Supply Chain Dive - Latest News
Increasing energy, commodity and supplier costs are significant contributors to inflation, along with higher trucking, ocean freight and logistics-related expenses, EVP and CFO Luc Bellet told investors.
Dive Insight:Higher oil prices from shipment disruptions during the Iran war have contributed to inflation across manufacturers' supply chains.
Clorox expects inflation across its supply chain, with commodities contributing the most to the higher costs, Bellet said.
The last time Clorox experienced high inflation was in 2022 and 2023, Rendle said.
Back then, the company launched four rounds of price increases across categories to counter costs 10 times higher than normal.