New Economy Forum
Bayer CEO Says Labor Costs Will Increase Next Year
This article is for subscribers only.
Bayer AG’s chief executive officer said labor costs will increase next year, as global pharmaceutical companies grapple with their supply chains.
“We’ve seen there’s quite a bit of cost pressure that has come to us, driven by the fact that supply chains have not been as stable as they used to be pre the crisis,” Werner Baumann said in a television interview at the Bloomberg New Economy Forum in Singapore.