Carlo Gavazzi Group informs that, in light of the ongoing developments in the Middle East, it would like to provide an update on the current situation and its potential implications for its operations and supply chain.
At present, we are not experiencing any disruptions to our supply chain. Our deliveries continue as planned, as our logistics routes are not currently affected by the areas involved in the conflict.
However, our supply chain partners have indicated that, should the situation persist or escalate, there may be upward pressure on costs. This would likely be driven by increases in oil and aviation fuel prices, as well as broader volatility in the global freight market.
While oil transportation is still ongoing through certain corridors, the overall situation remains uncertain and subject to rapid change.
We are closely monitoring developments and remain fully committed to taking all necessary actions to ensure business continuity, maintain service levels, and meet our delivery commitments.
We will continue to keep our stakeholders informed of any significant developments.
The full Group Statement is available in the attached PDF:
“Middle East Situation and Supply Chain Impact”