A multi-national consumer goods company based in South Africa, says price increases will continue into 2023 as pulp and sea-freight costs weigh on the business.
“If you look at where logistics and sea freight have gone over the last two years, [they are] essentially four times the rate of an average cost of a container in pre-pandemic levels. And most of our raw material components are imported, as well as paid for in dollars,” said a spokesman for the company.