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LOOKING DOWN A 5C BARREL
Business Today
|May 01, 2022
CORONAVIRUS, CHIP SHORTAGES, CONTAINER COSTS, COMMODITY PRICES AND NOW THE CONFLICT IN UKRAINE: AUTO ANCILLARY MAKERS BLAME THEʻ5Cs' FOR THE ONGOING SLUMP IN THE INDUSTRY
AS BRENT CRUDE oil trades around $110 a barrel and essential commodities such as steel see a jump of almost ₹10,000 a tonne, India’s $57-billion auto components industry continues to bear the impact of the ongoing Russia-Ukraine conflict and its aftershocks. The industry, which comprises over 600 large and medium-sized manufacturers, says that the 5Cs—coronavirus, chip shortages, container costs, commodity prices, and the conflict—are responsible for taking it at least three years back in time.
This story is from the May 01, 2022 edition of Business Today.
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