Foreign companies say it is too early to assess the impact of oil prices.

LightningPacketLoss · 2026-03-29T23:44:29+00:00

The uncertainty in the Middle East has led to a rise in international oil prices, affecting industries including the apparel supply chain. Top executives at Tapeski Group stated that the current supply chain is stable and capable of delivering products continuously, but they need to pay attention to the development of the Middle East situation and the challenges it may pose in the future.

LightningPacketLoss

2026-03-29 23:44:29

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China News Service, March 22 (Reporter Dong Xiangyi): Uncertainty in the Middle East has caused international oil prices to surge, while volatility originating in the energy market is also being transmitted through the supply chain to industries such as apparel. Regarding concerns from the outside about fluctuations in raw-material costs, Taipingqi Group’s President of International Business and Chief Growth Officer, Sheng Depu, said to reporters on March 22 during the China Development High-Level Forum, “It’s still too early to comment. For now, our supply chain is very robust. We have the ability to continue delivering products to our customers.” He added that it is necessary to further observe how the situation in the Middle East develops, and ultimately, every company will face the same challenges in the future. (End)

(Editor: Wen Jing)

Key words:

                                                            oil prices

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