Businesses explain projected price hikes

Businesses explain projected price hikes

Various sectors across Barbados have already started to be affected by hikes in global logistics costs and some say it is only a matter of time before these costs will be fully passed on to consumers.

Managing Director of Popular Supermarkets MacArthur Barrow tells Starcom Network News local distributors face price hikes from suppliers and shippers.

Chief Executive Officer of Williams Industries Andre Walcott says shipping channels costs have more than doubled.

Meantime General Manager of H&B Hardware Jason Pinto says global prices on many items have significantly increased.

 

Starcom Network
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