Fast had earnings this morning. They make /distribute industrial components
- "We did not take any broad pricing actions in the third quarter of 2022, and price levels in the market remained stable"
- Spot prices in the marketplace for many inputs, particularly fuel, transportation services, and steel, began to decline during the period. They have a long supply chain so those cost decreases will really only change in future hence why margins suffered
Basically even though some commodity input costs are coming down it will take many quarters for it to make its way to end consumer. Manufacturers margins where squuezed last few quarters and they are in no hurry to cut prices.
Agreed.
Wage inflation keeps spilling into prices.
Fast had earnings this morning. They make /distribute industrial components
- "We did not take any broad pricing actions in the third quarter of 2022, and price levels in the market remained stable"
- Spot prices in the marketplace for many inputs, particularly fuel, transportation services, and steel, began to decline during the period. They have a long supply chain so those cost decreases will really only change in future hence why margins suffered
Basically even though some commodity input costs are coming down it will take many quarters for it to make its way to end consumer. Manufacturers margins where squuezed last few quarters and they are in no hurry to cut prices.