Summary
Consumers may face a 20% rise in prices for staples like food, drink, electronics, and chemicals in 2025 due to global supply chain disruptions, Middle East tensions, and rising shipping costs, according to the Chartered Institute of Procurement and Supply (CIPS).
Threatened U.S. tariffs under a Trump administration could further inflate costs, with proposed 10%-60% levies on imports potentially sparking retaliation.
Re-routing shipping around conflict zones and U.S. port worker strikes add to delays and expenses.
Experts warn these issues will disproportionately burden consumers unless mitigated effectively.
Only 4? I feel like it'll be felt for at least a decade or more.