From diapers to yogurt, global companies are struggling with...

From diapers to yogurt, global companies are struggling with rising costs and supply chain difficulties

$Procter & Gamble(PG.US)$ $DANONE SPONS ADR(DANOY.US)$ $LM Ericsson Telephone(ERIC.US)$ Procter & Gamble (P&G) and Danone (P&G), and mobile phone manufacturer Ericsson (Ericsson) reported results that show increased costs and supply chain disruptions, indicating that global companies are facing greater pressure on profits and shoppers are facing higher prices. Many companies rely on price increases to offset the increase in raw material prices and transportation costs for basic necessities such as diapers and bottled water. Business executives and analysts said that price increases will continue until next year

Article excerpted from Reuters Financial Morning Post