Fears Of Rising Food Prices, Freight Rate Spike & Extensive Shortages Trigger Panic On Supply Chains
Brace for more shortages, shipping disruptions, and painful price hikes as global tensions continue to escalate and wreak havoc on supply chains. This week’s events have sparked unforeseen chaos on global trade and already led to major interruptions in the flow of goods across the world. As the conflict continues to accelerate, industry experts are warning for catastrophic damages in the shipping industry, as well as soaring oil prices and a worldwide shortage of commodities and raw materials.
