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Clorox might boost prices in response to rising supply costs
May. 1, 2021, 04:42 PM
"We are seeing an inflationary environment that we expect to persist well beyond a quarter," Clorox CEO Linda Rendle told CNBC on Friday.
Roberto Machado Noa/LightRocket via Getty Images
- Clorox may raise prices in response to elevated supply costs, CEO Linda Rendle told CNBC.
- Rendle said she expects higher costs to persist "over the mid-term" due to inflation.
- Clorox's January-through-March earnings fell 126% from 2020 to 2021.
- See more stories on Insider's business page.
"We do need to address the cost environment that we're experiencing," Rendle said. "We're seeing costs across many inputs rise."
Rendle added that transportation is also becoming more expensive. The Clorox CEO said she expects to see higher costs "over the mid-term" due to inflation.
"We are seeing an inflationary environment that we expect to persist well beyond a quarter," she sai