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. 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
By the week ending 27 March 2026, the price of blended petrol had risen to US$2,19 per litre, diesel to US$2,08 per litre, while LPG gas fell slightly to US$1,63 per kilogramme.