Business Maverick: Ukraine War Impact Reverberates Through World’s Factory Floor

📆 10/03/2022 13:18:00
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The cost of manufacturing household goods in Asia is being driven even higher by surging energy and commodities prices triggered by Russia’s invasion of Ukraine, adding fuel to the fastest global inflation breakout in decades.

Makers of products as diverse as clothes hangers, guitar amplifiers and drinking fountains for pets are already feeling the latest squeeze.

Kenway Lam, who runs a Hong Kong-based maker of packaging machinery for products that include bread, cookies and ketchup for clients in North America and around the world, said prices for the metals that his factory needs have increased by at least 20% in recent weeks. Closely watched PMI gauges for the broader Asia region suggest input and output prices are rising again. Goldman Sachs Inc. economists say the conflict’s fallout will exacerbate the supply-demand imbalance that’s at the center of the global inflation surge.“Asia’s supply chains have yet to heal.

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Ukraine conflict demonstrates the very significance of Russia. The US has gone to beg those it spat on few years ago without shame - Iran, Venezuela? Poor US

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Fonte: BusinessTechSA - 🏆 24. / 61 Leggi di più »