SINGAPORE - Local companies are feeling the squeeze from all sides, with soaring oil prices leading to higher utility and transport costs while rising freight costs and shipping delays from supply chain disruptions are piling on the pressure.
Oil has been rising steadily as countries emerged from the Covid-19 pandemic only to have prices supercharged by Russia's invasion of Ukraine.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you