The high consumption sector has today warned the risk of the triple rise in costs (of light, transport and raw materials) for the recovery of consumption, at a time when a large part of the savings contained during the pandemic He has not yet grown and in which "inflation is going to continue".
"They are not uploaded in the short term, but rather in the medium term. At the moment companies are not picking up part of this rise, they are absorbing it, but inflation is already emerging and it will be the same or even worse," said Ignacio González, President of the Association of Companies and Manufacturers of Grand Consumption (AECOC), which has opened on Tuesday in Barcelona the 36th edition of its Congress of Great Consumption.
All these problems added to the pandemic derivatives "extraordinarily complicate the situation", has indicated. It is about "the explosion of energy costs and transport", but also the availability of these, as well as inflation of raw materials in the global market, which has quantified 22.4%, especially wheat, corn, barley and soy.
"These uploads are already impacting on the September CPI," he said. "Although when companies have cost increases, everything they can absorb it, so as not to impact the consumer, we are condemned to have inflation," she said.
The cost of maritime transport has risen 328%, according to González, although the problem "is no longer the price, but availability". "This situation is a huge challenge for a competitive sector that has little margin, there is a solution in the short term, which is that it emerges savings, but for that you have to generate confidence," the President of AECOC insists.
Face to the Christmas campaign, it is "moderately optimistic", as the summer "has been relatively good and is also being October" and the doors of the Black Friday and the Christmas campaign "The desire to come out came before the possible Economic effects "that can retract consumption.
González does not believe that there are going to be discovery problems derived from this crisis in the supply chain in the sector, although "it will depend on the product category, but we do not see tensions that can lead to a shortage, just as we do not see that the price Of Light I can take Apartments in our industry. "
Finally, González has influenced the importance of the sector of great consumption as "engine for recovery", as it dragging 20% of GDP, and has regretted the increase in regulatory pressure on the sector, with war to plastic in the Center, the lack of regulatory unity (there are 12,000 new legislations per year in Spain) and has warned the risk of changing consumption habits through the tax path.
"The scenario is complex and we need prudence in the accompaniment measures, we must contain labor costs and clear uncertainty," he said.Updated Date: 20 October 2021, 15:18