BASF Warns Iran War Could Trigger Supply Shortages for Carmakers
12 Articles
12 Articles
The risk of material shortages is increasing, and that threatens to cause problems in the automotive industry, among others. Markus Kamieth, the CEO of chemical giant BASF, warns of this.
BASF Warns Iran War Could Trigger Supply Shortages for Carmakers
BASF SE Chief Executive Officer Markus Kamieth said rising inflation and the risk of supply-chain disruption from the US-Israeli conflict with Iran have darkened the outlook for both the auto sector and the broader economy.
BASF CEO Markus Kamieth fears far-reaching consequences because of the Middle East war. He sees the chemical industry in historically difficult times. He refuses a return to Russian gas.
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16:17 Markus Kamieth, the CEO of the German chemical group BASF, fears that the war in Iran will cause a further price shock on the oil market in the second half of the year. In the supply chains for...
BASF CEO Markus Kamieth fears far-reaching consequences due to the Middle East war. He sees the chemical industry facing historically difficult times. While concerns about gas remain limited, BASF sees significant risks for the economy and consumers regarding oil and fuels.
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