Russia-Ukraine war, Covid in China to push up prices of white goods

The last of the five-part series looks at why durables companies are planning to raise prices by up to 15%

As commodity prices continue to escalate due to the Russia-Ukraine war, manufacturers of consumer durables are being forced to increase prices yet again.
 

This is not the only problem the industry is grappling with. The rise in Covid-19 infections in China and Hong Kong has also affected the supply of components such as open cell and mainboard, which are typically imported from China. Hence, there could be a shortage of these components from  next month, which would impact manufacturers of televisions.
 

While consumer goods companies have planned price hikes to offset the rise in input costs, many have the cushion