Price of consumer goods could surge as shipping costs soar, industry body says
by Joanna Partridge from Economics | The Guardian on (#738H4)
CIPS warns of cracks' in global supply chain affecting computers, electrical machinery and transport equipment
The price of consumer goods including computers, electrical machinery and transport equipment could surge this year as a result of soaring shipping costs, an industry body has said, adding that cracks [are] forming in the global trading system".
The cost of transport, energy and raw materials continues to rise and prices remain volatile, which could feed through to businesses and consumers during 2026, according to a study by the Chartered Institute of Procurement and Supply (CIPS).
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