Iran Conflict Causes Supply Chain Disruptions Across Asia
The ongoing conflict involving Iran has led to significant supply chain disruptions across Asia, affecting a wide range of products from ramen and K-beauty cosmetics to school uniforms and rubber gloves. The closure of the Strait of Hormuz has exacerbated shortages of key petrochemicals, driving up production costs and causing companies to struggle with maintaining supply levels. Countries like South Korea, Japan, and Malaysia are experiencing increased costs and shortages, with industries reliant on petrochemicals facing particular challenges. 
