Falling Margins: Colgate's management acknowledged in its recent 1Q22 earnings call, "2022 is shaping up to be a more difficult year than anticipated with higher-than-expected growth in raw materials, as you've seen from others, particularly fats and Oil and logistics." Notably, the company is experiencing a 60% year-on-year increase in the cost of fats and oils, which are used in each of its product segments. Colgate is also facing higher transportation cost.