U.S. companies will spend 6.4% more on raw or processed materials in the second quarter than they did in the first quarter, according to American Express Co.’s (NYSE:AXP) first-ever survey of global business-to-business (B2B) expenditures.
The survey, conducted across six countries with the Centre for Business and Economic Research, underscores the continued ramp-up in commodities demand and prices that have affected almost every industry here and abroad. B2B spending on such essential materials...
https://www.freightwaves.com/news/commodity-prices-surge-in-american-express-first-b2b-spend-survey