Middle East Conflict Disrupts Global Supply Chains, Impacting Industrial Production
Industrial production in Bangladesh is facing significant challenges due to instability in global supply chains, exacerbated by the ongoing conflict in the Middle East. Key raw materials are becoming scarce, leading to concerns about potential production slowdowns. Industry stakeholders report that price hikes are compounded by acute instability in global supply chains and order processing. Kamruzzaman Kamal, marketing director of PRAN-RFL Group, highlighted a shortage of plastic raw materials, with operations currently sustained by existing pipeline stocks. Saleudh Zaman Khan, managing director of NZ Apparels, noted the unavailability of certain chemicals, previously imported from India, which could lead to production disruptions for smaller firms soon. The conflict has disrupted global fuel supplies, shipping routes, and trade flows, contributing to delays and uncertainty in sourcing raw materials.