US EditionFrom Beer to Cosmetics, Asia Feels Full Force of War-Fuelled Energy Crisis
Asia faces widespread production cuts and soaring prices as Iran war disrupts supply of oil derivatives and plastics crucial for packaging, toys, and household goods.
9 Articles
9 Articles
Iran War: From beer to cosmetics, Asia feels full force of war-fuelled energy crisis
Iran war is causing widespread supply chain disruptions across Asia, leading to soaring prices for everyday goods like plastics, oil derivatives, and packaged foods. Factories are cutting production and facing raw material shortages, with consumers already resorting to panic buying as businesses brace for further impact.
Asia's War-Driven Price Surge: From Instant Noodles to Cosmetics, Consumers Brace for Impact
read the original version on: www.retailnews.asia As the conflict in Iran intensifies, both consumers and businesses across Asia are bracing for a potential crisis. The war is causing a squeeze in oil and plastics supplies, leading to an increase in prices on a broad range of products, from ramen noodles to cosmetics. Impact on Plastic Industries Choi Gun-soo, manager of a […] The post Asia’s War-Driven Price Surge: From Instant Noodles to Cosme…
ASIA.— From beer and fries to noodles, toys and cosmetics, businesses — and consumers — across Asia are preparing for a crisis as the war in Iran shakes supply chains, plastics and oil supply, disrupting daily life and triggering prices. Choi Gun-soo, manager of a 57-year-old South Korean factory that produces plastic films used by both farmers to cover crops and television manufacturers, noted that its suppliers are raising prices for some raw …
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