JFTC Survey: Buyers Granted Under Half of Suppliers' Oil-Cost Price Requests
The Fair Trade Commission's emergency survey found suppliers secured on average just 48.3% of the price increases they sought to cover petroleum-linked cost rises since February, with pass-through weakest at the second-tier to third-tier-and-beyond subcontractor stage, and the regulator has sent warning letters to 59 buyers it says stonewalled those requests.