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
The sustained increase in diesel consumption could point to greater utilisation of trucks, machinery and equipment in sectors such as mining, agriculture, construction and manufacturing.