The Chartered Institute of Procurement and Supply warned rising shipping costs could push up consumer prices in 2026.
Its survey showed growing supply chain disruption fears, the highest in two years.
Procurement leaders expect sharp cost rises in shipping, computers, transport equipment, and electrical machinery.
Some shipping routes saw rate increases of nearly 30% within weeks.
Businesses already passed higher costs to consumers, with laptop prices rising late last year.
CIPS said price volatility now looks permanent rather than temporary.
Respondents blamed geopolitical tensions, trade uncertainty, and US tariffs.
Threats of new tariffs under Donald Trump added pressure to fragile global trade systems.
Soaring Shipping Costs Threaten Consumer Price Rises, Warns CIPS
By OMN AI
OMN AI
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