Supply may pose bigger challenge than prices, says Mydin boss

 Ameer Ali Mydin says potential supply disruptions from the Iran war would likely be felt within the next three to six months.

The effects of the Iran war have yet to significantly hit the Malaysian economy, but the country is expected to face considerable supply chain challenges, said Ameer Ali Mydin.

KUALA LUMPUR:

Geopolitical tensions could pose a bigger risk to product supply chains than price increases, according to Mydin hypermarket managing director Ameer Ali Mydin.

Ameer said the effects of the Iran war have yet to significantly hit the Malaysian economy, but the country is expected to face considerable supply chain challenges.

“Now, the challenge is not the price. I think people keep focusing on price. Let’s forget the price. More importantly, do you have the supply?” he told Bernama.

Ameer said although global pricing pressures and geopolitical developments are significant and affecting domestic prices, the impact on Malaysia remains manageable for the moment.

He said potential supply disruptions would likely be felt within the next three to six months, though the world has faced similar supply chain shocks before while businesses and countries have experience managing such disruptions.

“We have gone through this many times before. During the Ukraine war, we faced challenges with fertilisers. We also had challenges during the Covid-19 pandemic,” he said. - FMT