Rising energy prices will increase business costs and narrow profit margins of companies around the world, said Richard Martin, managing director of IMA Asia.
The squeeze on company earnings will likely come in the fourth quarter of 2021 and the first quarter of 2022, said Martin. U.S. firms have a better chance at protecting their margins thanks to a "very buoyant" consumer market, while those in China and India could face greater risks, he added. Electricity pylons are seen in front of the cooling towers of the coal-fired power station of German energy giant RWE in Weisweiler, western Germany, on January 26, 2021.Rising energy prices will increase business costs and narrow profit margins of companies around the world, a management consultant said Wednesday.
Prices of energy commodities — including oil, natural gas and coal — soared in recent weeks as supply remains tight and demand rebounds from a Covid-induced slowdown. That has contributed to power and fuel shortages from
Biden's regulations and anti energy agenda will have consequences that cost everyone $. These cost along with inflation and higher taxation will negatively affect every household business in the USA. His administration is clueless and laughable.
shico
Wallst_Gmoney Is this squeeze anything like the AMCSQUEEZE ?
They are letting OPEC= Arabia call the shots again + to many Rrefinerys stopping or 🔥👎❗
No kidding