The Iran Conflict Is A Compounding Cost Crisis For Retail [Yahoo! Finance]
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Source: Yahoo! Finance
NurPhoto via Getty Images Operation Epic Fury, the coordinated strikes carried out on Iran by the U.S. and Israel on February 28, fractured an already fragile and volatile global supply chain. One that has been confronted with re-routing to avoid multiple regional conflicts, tariff-driven cost headwinds already working through retail P&Ls, and ongoing reshoring efforts that haven't yet matured into reliable alternatives. The International Energy Agency (IEA) (Photo by Jonathan Raa/NurPhoto via Getty Images) NurPhoto via Getty Images The International Energy Agency has described the war in the Middle East as the largest supply chain disruption in the history of the global oil market. With neither the Strait of Hormuz nor the Suez Canal fully viable, the double re-route is affecting categories and channels across retail. The impacts span from raw materials all the way to finished goods. In the immediate term oil prices are spiking, goods are being re-routed, the Cape of Good
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