Since the start of 2020, the STOXX Europe 600 Retail Price Index has lost more than a fifth of its value.In that time, political tensions have risen - climate change has entered"another stage of crisis"; the macro-environment has changed dramatically; and the Covid-19 pandemic is still ongoing, Carrefour chief executive Alexandre Bompard said at the Consumer Goods Forum's Global Summit in Dublin.
A desperate supply chain crunch has also sent shudders through the manufacturing and consumer goods industries over the past year. Logistics giant Maersk, which transports goods for companies like Walmart and Nike said the cost of shipping cargo is up 25-30% due to an array of inflationary pressures that are"unlikely to abate in the short term."
Source: News Formal (newsformal.com)
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