Posted inSectors

Recent events disrupt the supply of raw material inputs

Approximately 50% of CEOs experienced mild to moderate disruptions in the supply of inputs during the first half of 2022-23, according to a CII poll of 136 Chief executives.

by Staff Writer

The covid-related lockdown in China and the recent invasion of Ukraine have disrupted the supply chain making it difficult for not only Indian but manufacturers all around the globe to struggle to source raw material.

Approximately 50% of CEOs experienced mild to moderate disruptions in the supply of inputs during the first half of 2022-23, according to a CII poll of 136 Chief executives.

“About 46% of CEOs indicated that rising input prices will affect their profit by 5-10% during H1 FY23, followed by another 28% who expect a bigger hit to profit by 10-20%,” it said. 

As per the survey report, about 50% of the CEOs expect inflation to be 7-8% during H1 FY23. 57% of the respondents said firms absorbed the input price rise. In comparison, 44% felt their revenue growth would be 10% to 20% during the period under consideration.