GE CEO sees inflation a headwind for company in 2022 -Breaking
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© Reuters. FILE PHOTO: General Electric Co. Chief Executive Officer Larry Culp mingles with shareholders at the company’s annual meeting in Tarrytown, New York, U.S., May 8, 2019. REUTERS/Alwyn Scott/File PhotoCHICAGO (Reuters). General Electric (NYSE:) Larry Culp, Chief Executive of Co said that the company will not be able to offset its soaring expenses this year in spite price rises.
These comments were made after the Boston-based industrial conglomerate, COVID-19, said that new lockdowns in China and the conflict in Ukraine had exacerbated supply chains disruptions and inflationary pressure. This put the company’s full-year profit outlook in jeopardy.
He said that it would be a net wind against us in an interview with Reuters.
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