U.S. companies to keep prices high as supply chain headaches persist

Published by
Reuters

NEW YORK (Reuters) – The largest U.S. manufacturers including General Motors, General Electric, 3M and Boeing face logistics headaches and higher costs due to global supply bottlenecks that are likely to persist into next year but agreed the hit to profits can be mitigated by charging higher prices for their goods. Companies across the globe sounded the alarm on supply issues months ago that have pushed prices higher on raw materials from chemicals to steel. In earnings reports this week investors got a closer look at how companies are managing. “It starts with really strong price,” said GM Ch…

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