Plastic is the hidden cost of the war in Iran

New York — 

Experts are warning that consumers will see a rise in prices for a variety of plastic consumer goods due to the war with Iran.

Plastic products are partly made out of oil, which has gone up more than 40% since the start of the war in late February. As a result, products like disposable cutlery, bottled drinks and garbage bags could be among the first to rise in the coming weeks, said Patrick Penfield, a professor of supply chain practice at Syracuse University. 

But plastics are used across supply chains, from packaging

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

US mortgage rates climb for fifth-straight week, pushed up by Iran war worries

Average US mortgage rates climbed again for the fifth week in a row, making homebuying more expensive than it was just a few...

To climb trees, cicadas look to the shadows

When periodical cicadas surface after years underground, they don’t grope blindly for trees. They head for the shadows, researchers report March 20 in the...

Stocks sink as Trump rattles markets with lack of clear exit plan

New York —  US stocks were slightly lower Thursday in volatile trading as investors monitored developments in the Middle East and...