The Chartered Institute of Procurement and Supply warned consumer prices could rise sharply as shipping costs surge.
Procurement leaders reported growing supply chain disruption affecting computers, machinery, and transport equipment.
Shipping and logistics saw the steepest increases, with many costs rising more than 10%.
Price volatility now looks permanent after the pandemic and rising geopolitical tensions.
The group said tariffs and trade tensions, including policies linked to Donald Trump, add further pressure.
Soaring Shipping Costs Threaten Higher Consumer Prices, CIPS Warns
Andrew Rogers
Andrew Rogers is a freelance reporter based in Miami, USA, with over 10 years of experience covering a wide range of topics, including General News, World Affairs, Business, Technology, Politics, Finance, Health, Lifestyle, Sports, and Travel. He holds a degree in Journalism from the University of Florida and is known for his keen eye for detail and dedication to delivering accurate and engaging stories. His reporting keeps readers informed about the latest events and trends across the nation and around the world.
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