UpTrajectory Review
The piece discusses insights from KPMG economist Diana Swonk regarding the recent U.S.-Iran deal to open the Strait of Hormuz. While the agreement may lead to a short-term improvement in gas prices, Swonk warns that broader supply chain issues will take much longer to resolve.
For small business owners, this analysis is crucial as it highlights the ongoing volatility in supply chains that could affect operational costs and inventory management. Even if gas prices dip, the lingering disruptions could impact everything from shipping costs to product availability. Operators should prepare for continued uncertainty and consider diversifying suppliers or adjusting pricing strategies to mitigate potential impacts.
“it'll be months before scarcities and other supply disruptions ease” — CPA Practice Advisor
Takeaway: Prepare for ongoing supply chain challenges even if gas prices improve.
From the original item — CPA Practice Advisor:
Gas prices might improve immediately following the deal between the U.S. and Iran to open the Strait of Hormuz, but it’ll be months before scarcities and other supply disruptions ease, Diana Swonk said.