Iran Energy Shock Impacts Southeast Asian Supply Chains
Energy market volatility stemming from the US-Israeli conflict in Iran is influencing global trade. This has reportedly caused Western buyers to focus on supply chain stability, affecting buying patterns in Southeast Asia.
Some exporters at the Canton Fair in Guangzhou report a modest return of orders to China from Southeast Asia, as energy-market volatility linked to the US-Israeli war in Iran prompts some Western buyers to prioritise supply chain stability. The shift is visible in buyer patterns on the exhibition floor, where the number from Europe and the United States appears to have recovered from last yearβs levels, according to Chinese exporters, with more inquiries for home appliances, new energy products....