Here are the items you should check again to avoid the impact of rising electricity costs!
Recently, we are encountering newspaper articles and news reports about rising prices almost every day. The impact on households is significant, but the effects on businesses are also considerable. Naturally, the logistics industry is directly and severely affected. Tokyo Shoko Research Co., Ltd. published information regarding corporate bankruptcies for the year 2022 (January to December) on January 16, 2023, under the headline "Bankruptcies in the Road Freight Transport Industry Surge Over 40% Year-on-Year, with a Quarter Due to Rising Fuel Costs and Other Price Increases." In the case of the road freight transport industry, it is easy for anyone to imagine that the rise in fuel costs (prices of diesel and gasoline) is directly linked to increased costs. As for crude oil, which is the source of fuel, prices continue to soar and remain high due to various factors, including the Organization of the Petroleum Exporting Countries (OPEC) deciding not to increase production amid rising crude oil demand, the international situation surrounding Russia's invasion of Ukraine, and the ongoing depreciation of the yen. *You can view the detailed content of the blog through the related links. For more information, please feel free to contact us.
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