Shortages have not yet appeared but price increases are mounting for French companies because of the Middle East conflict that began more than two months ago.
Patrick Martin, president of Medef, voiced strong concern in an interview on May 4. He highlighted a major alert on economic activity because of the war that started on February 28.
Thierry Le Hénaff, CEO of Arkema, confirmed during the quarterly results presentation on May 6 that companies had avoided any supply disruptions so far. He noted however that risks rise as the conflict drags on.
Price increases already affect certain products and are expected to grow, according to business leaders. The closure of the Strait of Hormuz did not cause the feared shortages, even though a CMA CGM vessel was hit on Tuesday.
