Dave Petratis boosted wages for his U.S. factory workforce in December—six months ahead of schedule for normal annual increases. It wasn’t enough. The CEO of Allegion PLC, a maker of locks and security doors with 10 factories dotted across the country—including a lock factory in the appropriately named town of Security, Colorado—said ‘we’ve got our…
US Companies Grapple With Surging Costs as Supply Chain Problems Persist
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