Michelin CEO on Impact of Higher Raw Material Prices

The video discusses the impact of rising raw material prices on costs and profits, highlighting supply chain disruptions and the ability to pass costs to consumers. It details price increases for customers and the broader impact of inflation on the transport sector, with container shipping costs rising significantly. The discussion also covers economic recovery forecasts, considering the potential impact of the Delta variant, and emphasizes the ongoing global crisis, particularly in regions like India and South America. The speaker anticipates recovery not before the second semester of 2022.

What is the primary reason for the increase in raw material prices?

• Technological advancements

• Government regulations

• Shortages in the supply chain

• Increased consumer demand

How much have consumer prices increased due to rising raw material costs?

• 4-6%

• 2-4%

• 6-8%

• 8-10%

What was the pre-COVID cost of shipping a container from Singapore to the US?

• $4,800

• $3,600

• $2,400

• $1,200

Which region is still facing significant challenges due to the Delta variant?

• North America

• Europe

• South America

• Australia

When is the global economic recovery expected to begin according to the speaker?

• First semester 2023

• Second semester 2022

• Second semester 2023

• First semester 2022