Berkshire Hathaway businesses face doubled input costs and consumer stress
Updated
Updated · Barron's · May 2
Berkshire Hathaway businesses face doubled input costs and consumer stress
4 articles · Updated · Barron's · May 2
Vice-chair Greg Abel said parts of Berkshire's chemical group, which uses petroleum, have seen input costs effectively double in a short time because of the Iran war.
BNSF executive Farmer and retail chief Johnson said retailers are already seeing signs that US consumers are under financial stress.
Abel called the conflict unfortunate and said Berkshire is taking a long-term approach to managing higher war-driven costs across all of its businesses.
Will a massive rail merger stabilize America's supply chain or push consumer prices even higher during this global crisis?
Beyond oil prices, how is the Iran war permanently reshaping global trade and the future of economic globalization?
With consumer debt at record highs, what is the breaking point for the U.S. economy if war in Iran continues?