Thule pushes up pricing as supply chain costs rack up — Panjiva
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Thule pushes up pricing as supply chain costs rack up

China 3063 Cons. Discr. - Autos 1255 Cons. Discr. - Durables 585 Earnings 761 European Union 890 Quote Watch 452 U.S. 5418

Thule has reported an 85.1% year over year surge in revenues in Q2’21 as the auto accessory maker benefits from a “strong trend for leisure and vacation activities nearer to home”. Yet, Thule has had challenges in “getting hold from our sub-suppliers of the right materials and components” according to CEO Magnus Welander. That resulted in “very, very high price increases from some of our suppliers to us on materials” which has led Thule to apply two customer price increases in one year. The company’s supply chain activity appears to be k...

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