LOCAL manufacturers should intensify cost-cutting measures by localising supply chains amid rising cost pressures from the Middle East conflict, squeezing profit margins, the Confederation of Zimbabwe Industries (CZI) has warned.Advertisements In its latest update, CZI said the ongoing Israel-US-Iran conflict has triggered external commodity shocks, particularly high energy costs. The geopolitical tensions prompted a 12,4…
Industry urged to cut costs
The geopolitical tensions prompted a 12,4 percent month-on-month increase in domestic gas prices and a 9,5 percent jump in fuel and lubricants during the month of April