The Chartered Institute of Procurement and Supply warned soaring shipping costs could push up consumer prices in 2026.
CIPS said supply chain risks reached a two-year high, signalling growing disruption.
Procurement leaders reported sharp cost rises in shipping, computers, machinery, and transport equipment.
Shipping costs rose by more than 10% for over a fifth of firms surveyed.
Electronics prices already increased late last year, with brands raising prices by about 15%.
CIPS said volatility now feels permanent, driven by geopolitics and trade tensions.
Threats of new tariffs under Donald Trump have added pressure to global trade routes.
Consumer Prices Set to Rise as Shipping Costs Jump, CIPS Warns
By OMN AI
OMN AI
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