Soaring Shipping Costs Threaten Sharp Rise in Consumer Prices

The Chartered Institute of Procurement and Supply warned rising shipping costs could push up consumer prices in 2026.
Its survey found growing supply chain disruption affecting computers, machinery, and transport equipment.
Procurement teams reported the highest disruption concerns in two years.
Shipping and logistics saw the steepest increases, with many costs rising over 10%.
Price volatility now looks permanent amid geopolitical tension and trade uncertainty.
CIPS said tariff risks and global instability could fuel further inflation for consumers.