Hard times are on the way ladies and gentlemen.
COGS is rising 30% for at least 90 days. The supply chain email influx has started. Vendors raising prices of goods in transit.
A good example everyone can relate to: go to Academy sports and just look at clothing price tags. They are marking items up when they hit the store with manual stickers. Looking at BCG shirts, original printed tag showed $12.99, Academy manual markup was $17.99.
This all will be rolled into product and pushed to consumer. China sourced products are going up, but will still be less than American supplied products. Not much will change other than broke people getting broker.
COGS is rising 30% for at least 90 days. The supply chain email influx has started. Vendors raising prices of goods in transit.
A good example everyone can relate to: go to Academy sports and just look at clothing price tags. They are marking items up when they hit the store with manual stickers. Looking at BCG shirts, original printed tag showed $12.99, Academy manual markup was $17.99.
This all will be rolled into product and pushed to consumer. China sourced products are going up, but will still be less than American supplied products. Not much will change other than broke people getting broker.
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