The effect of fluctuating oil prices


New member
I think the fluctuating prices of oil based on the world market is not a big factor in the supply chain and logistics industry. However, with the recent bombing of the Saudi Arabia’s oil depots there is an impending shortage no matter how temporary but definitely would increase the price of oil in the world market. So what has to be done in this issue? Hoarding is the impulse but I guess companies should allocate an allowance for the impending price increase.