The energy crisis and supply chain disruption
In recent months, the cost of energy for manufacturing and process companies has risen significantly. As recently as April, the cost of gas per therm, which had been stable for some time, was under £0.50; by October, however, the cost had jumped to over £2.50 per therm. That’s a staggering 400% increase in gas prices in just six months; a similar, although not quite so dramatic, situation is now taking place with oil prices, which have topped $80 a barrel for the first time in three years.
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