At 3M and GE, Bosses Expect Stubborn Inflation Throughout 2021
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Mounting inflation will weigh on 3M Co. through year-end as spiking prices for everything from polypropylene, chemicals and other raw materials to logistics and labor show no signs of abating, Chief Executive Officer Mike Roman said.
“It is a headwind that we expect to persist through the second half,” Roman said in an interview after the reported second-quarter earnings. His St. Paul, Minnesota-based company has a broad view on the U.S. economy because it touches both consumer products like Scotch tape and Post-it Notes, as well as safety equipment, abrasives and films for commercial and industrial use.