For sugar importers, this past summer was anything but sweet. The cost of sugar has surged by more than 40 percent globally since last year due largely to poor harvest conditions caused by dry conditions across India, China, and Thailand, as well as an unusually cold and wet spring in Europe, which are expected to…
Tim Chiu
In recent years the supply chain has been challenged by port backups, factory closures, material shortages, and labor and driver shortages. While disruptions caused by the pandemic and geo-political turmoil have made some of the biggest headlines, severe weather-related disasters such as drought, fire, flooding and earthquakes have further compounded those bottlenecks, placing additional pressure…
