Financial Times: Cameron Johnson, a senior partner at Shanghai supply chain consultancy Tidalwave Solutions, warned that the supply disruptions could be “worse” than during the Covid-19 pandemic.
He said that prices in China had doubled for some polyethylenes, disrupting the market for materials needed to make everything from plastic bags and bottles to clothing and toys. Prices for some carbon fibres, which rely on some feedstocks from the Middle East and are widely used across the auto and consumer goods industries, had risen 20 per cent, he added…