Chinese Suppliers Raise Prices Up to 15% for US Retailers as Christmas Production Ramps Up
Updated
Updated · Bloomberg · May 13
Chinese Suppliers Raise Prices Up to 15% for US Retailers as Christmas Production Ramps Up
1 articles · Updated · Bloomberg · May 13
Chinese exporters supplying Walmart and Costco are lifting prices for the first time in years, raising the risk of higher costs for U.S. holiday shoppers.
Interviews with more than a dozen suppliers show the increases are tied to surging raw-material costs as factories accelerate Christmas-season production.
Price hikes reach about 5% on some goods sold to big-box chains, while smaller merchants are being asked to absorb increases of as much as 15%.
The timing threatens to push import costs higher across holiday inventories, with smaller U.S. retailers facing the sharpest pressure.
Will China’s advanced automation overcome rising costs, or are expensive products the new normal for shoppers?
As China's high-tech factories raise prices, is the era of affordable global goods finally over?