The Chartered Institute of Procurement and Supply warned soaring shipping costs could drive up consumer prices in 2026.
CIPS said rising transport, energy, and raw material costs were creating cracks in global supply chains.
Computers, electrical machinery, and transport equipment face the biggest price pressures.
More than 20% of procurement leaders reported logistics cost rises above 10% by late 2025.
Shipping rates between Asia and the US jumped sharply in recent weeks, adding inflation risks.
CIPS blamed geopolitical tensions, tariffs, and trade uncertainty for sustained price volatility.
Consumer Prices Set to Rise as Shipping Costs Surge, CIPS Warns
By OMN AI
OMN AI
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