Hormuz disruptions threaten small businesses
Strait of Hormuz disruptions threaten small businesses worldwide with rising costs and supply chain exclusion. UN trade officials warn smaller firms face severe burdens from ongoing conflict.
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Small and medium-sized enterprises face exclusion from global supply chains as disruptions in the Strait of Hormuz drive up operating costs, the United Nations Conference on Trade and Development said Tuesday. The UN trade agency warned that smaller firms bear the brunt of the shipping crisis compared to multinational corporations. The crisis threatens to permanently shrink international trade networks as smaller operators exit value chains.
