Customers could end up paying more for cleaning products due to the supply chain crisis, a manufacturer has warned.
Household cleaning products company McBride has said it could face financial losses as it battles to offset soaring prices caused by the supply chain crisis.
The Manchester-based manufacturer, which is behind many supermarkets’ own-brand cleaning products, said raw material and packaging prices have ramped up faster than expected.
READ MORE: Woman, 20, pays £36k rent upfront for house in Alderley Edge only to decide area is 'too Tory'
Freight and distribution costs have also increased far higher than predicted and show no sign of slowing.
McBride is launching a second round of 'substantial' price increases charged to customers across all its divisions – set to see in the region of 'mid to high teen percentage' rises.
Despite this, the group said it is expecting to slump to an underlying loss of up to £10m in its first half.
It did not provide a further update on the full-year outlook, having already warned in September that profits could tumble by up to 65 per cent.
Get the latest headlines to your inbox with our newsletters.
