According to a survey of 100 manufacturing procurement managers by X Mile Inc., 94% feel or are concerned about the business impact of the Iran situation. Already, 51% face rising procurement costs, and nearly 60% are experiencing or expecting delivery delays. Consequently, about 60% of companies are halting or planning to halt orders for their own products, with petrochemicals and steel products being the most affected procurement items.

FACT BOX

  • Source: PR TIMES
  • Category: Survey Report