Caterpillar May Hike Prices Again, Experiencing Production Delays

Caterpillar May Hike Prices Again, Experiencing Production Delays
Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, Calif., on March 3, 2017. Mike Blake/Reuters
Reuters
Updated:

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.