A prolonged conflict in West Asia is making cost management increasingly challenging for companies, as continued volatility in commodity prices, freight rates and currency movements leaves little room for planning, reported The Times of India . While higher input costs are expected to erode margins, businesses also fear repeated price hikes could weigh on discretionary consumer spending.
“For companies like ours, the biggest uncertainties stem from volatility in commodity prices/raw material costs, freight costs and shipping timelines, all of which can impact supply chain planning. It forces us to double down on execution, enforce cost-discipline and diversify sourcing,” said Shrikant Kanhere, MD & CEO at AWL Agri Business.
