Contributed by Global South World
More than half of Zimbabwean companies say they are facing supply chain disruptions, with delays in the delivery of raw materials emerging as a major problem as the US–Israel conflict with Iran continues to shake global shipping and energy markets.
The Confederation of Zimbabwe Industries (CZI) said 56.1% of local firms reported disruptions linked to the conflict, which has heightened uncertainty on key trade routes and pushed up fuel costs.
In an online survey published in a report titled “Tracking Iran-Israel-USA Conflict Firm-Level Impact in Zimbabwe,” CZI said the impact is widespread across the economy. Only 1% of firms surveyed said the conflict has had no effect on their operations.
Overall, CZI said 99% of firms reported that the conflict is affecting their businesses to varying degrees, with about 60% reporting a significant impact, 31% a moderate impact and 8% a slight impact.
CZI said the latest disruptions highlight how quickly geopolitical shocks can filter into Zimbabwe’s economy through higher energy prices and slower movement of goods, especially when global shipping routes come under strain.
This article was originally published by Global South World and is republished here with permission. View the original article.
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