Caterpillar Inc. said on Thursday that inflation may force it to further hike prices across the board as the manufacturer tries to navigate through production delays that resulted in the company’s first revenue miss this year. “This has been the first quarter where it (supply chain challenges) started to impact us significantly,” Chief Financial Officer Andrew Bonfield told Reuters, adding that the company had not experienced any shutdowns yet. Global supply chain disruptions triggered by the pandemic and inflationary cost pressures have already hit the company’s earnings, forcing it to raise equipment prices twice this year to mitigate the blow. When asked about the impact on demand due to further price hikes, Bonfield said he believed the increases were “sustainable within the market” due to “very strong” customer demand. In a bid to smoothen production, the world’s largest heavy-duty equipment maker said it was trying to prioritize and route raw …
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