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In our industry contracts are being cancelled and rebid

Posted on: May 5, 2021 at 21:31:04 CT
TigerFan92 STL
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because suppliers can't hold prices. They are going up 4.5-13% immediately

Multiyear deals even with escalation clauses are being terminated as they need higher increases.

Metals, rare earth mineral products and transportation are the main drivers, minor is worker shortages within related industries

Gas prices are expected to rise by another $1 per gallon before peak summer
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Inflation is here and will get worse. - Chievous'Bandaid MU - 5/5 19:56:01
     You've really been sold a pile of lies and . . . - raskolnikov MU - 5/6 07:43:14
     Supply chain is restricted. Econ 101. Nm - SparkyStalcup MU - 5/5 21:43:26
          Lmfao - pickle MU - 5/5 22:26:22
          Why is the supply chain constricted?(nm) - tman MU - 5/5 21:45:51
          Hogs by Boggs (nm) - Tigrrrr! MU - 5/5 21:44:53
     The Fed is an omnipotent and the taxpayer has zero - Bulldog Bob Brown STL - 5/5 21:41:41
     In our industry contracts are being cancelled and rebid - TigerFan92 STL - 5/5 21:31:04
     Quick! Print more money!!!!(nm) - Tigrrrr! MU - 5/5 21:23:21
     No wonder joe posed with jimmie(nm) - DollarSigns MU - 5/5 21:14:05
     It’s been here for over 100 years - pickle MU - 5/5 20:11:55
          kook (nm) - 90Tiger STL - 5/5 20:15:53
     It’s been around for awhile(nm) - playhard KC - 5/5 20:00:30




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