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Food firms mull price hike amid import disruptions


BusinessWorld
August 5, 2021 | 12:32 am
By
Reporter
FOOD COMPANIES are considering price hikes as global supply chain disruptions increase import costs, an industry group said.
Philippine Chamber of Food Manufacturers, Inc. (PCFMI) Legislative Committee Chair Helen Grace Baisa said that the industry has been burdened with additional costs in importing raw materials and finished food products amid delays in the supply chain.
Business groups in recent months have been flagging logistics disruptions and container shortages as industries catch up with demand from economies bouncing back from the effects of the coronavirus pandemic.
“The logistics issue has been there, but since the pandemic, shipping line and destination charges increased by four times on top of surcharges implemented locally,” Ms. Baisa said in English and Filipino in a phone interview last week. ....

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Global supply chain woes disrupt supermarket inventories


BusinessWorld
July 23, 2021 | 12:32 am
“There are some products missing on the shelves which are imported. Every now and then,
saka lang nagkakaroon (the products are back in stock),” Philippine Amalgamated Supermarkets Association (Pagasa) President Steven T. Cua said in a phone interview on Monday.
Deliveries come in fits and starts, he said. The products when made available again in Philippine supermarkets are priced slightly higher, he added, noting that he suspects some locally produced goods could have also increased prices due to raw material import issues.
Various industries globally are reporting supply chain constraints and shortages as economies bounce back from the pandemic. Local exporters said logistics issues such as vessel space and container shortages cause freight rate surges and shipment delays, and some industries report struggling with higher import costs.    ....

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