Execs Adjust Pricing as Energy Costs Take a Toll
As rising energy costs take a toll on U.S. manufacturing, CNBC asked America’s executives how they’re adjusting their pricing strategies.
Procter & Gamble CFO on Competitive Pricing
“Our pricing strategy is to price as necessary and to where we have been raising prices because of increased commodity and energy costs. But, at the end of the day, this is an industry phenomenon. Our competitors, private labels, have all raised prices as well. And so, the important thing for us is the relative price of our products to the meaningful competition.”
- Clayton Daley, Procter & Gamble Chief Financial Officer
International Paper CEO on Pricing Strategy
“We’re planning for input costs to stay high in the foreseeable future and if they turn lower that will just be good news.”
- John Faraci International Paper Chairman & CEO