Rolling coverage of the latest economic and financial news
- KPMG: Cost of living squeeze could push UK economy into recession
- Risk of downturns in US and eurozone too
- Russia set for first default in decades
The boss of healthcare product maker PZ Cussons has warned that customers are facing rising cost-of-living pressures, as it juggles rising supply chain costs.
CEO Jonathan Myers said the companyu is taking steps to ‘mitigate’ the squeeze.
The trading environment continues to be challenging, with high input cost inflation and pressures on household budgets.
We have plans in place to mitigate the impact of this, as we continue to deliver great value for consumers, whilst also investing behind more premium innovations.
Many low-income countries in the Middle East, Africa and Asia rely heavily on cereal and fertiliser imports from Russia and Ukraine, making them particularly vulnerable to the disruption in food production.
