So says Swiss trading software and information platform operator, Kemiex, following its recent in-depth analysis of headwinds in relation to food, feed, and pharma ingredients flow.
“Global manufacturing and supply chains for additives and chemicals are affected by reduced availability and a surge in prices for energy, natural gas, coal, phosphorus, and other feedstock.
“In China, policies concerning energy usage and emissions are creating additional, severe near-term supply risks,” Stefan Schmidinger, partner told FeedNavigator.
Dysfunctional freight markets
Those additional supply pressures come on top of the long-standing dysfunctional freight markets, he said.
The industry has been faced with escalating freight prices for a year now. Only a few industry insiders believe a significant improvement will happen on shipping costs before mid-2022, said Schmidinger.
“These days there is an increasing number of ships…