The Association of Small and Medium Enterprises said firms may be forced to make tough decisions, including cutting manpower and reducing rental costs to cope with the disruption.
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Singapore logistics firms could face 50% cost surge as Middle East cargo stalls amid tensions
singaporelogisticsmiddle-easttrade-tensionsshippingcargo
Singapore logistics firms are facing a potential 50% cost surge due to stalled cargo from the Middle East amid rising tensions. To cope with the disruption, firms may need to make tough decisions such as cutting manpower and reducing rental costs. The Association of Small and Medium Enterprises warned of the impact on these firms.