Iran war triggers Asian plastic shortage, may spur 'Middle East plus one' supply chain rethink

The Iran war is disrupting plastic supply chains in Asia, particularly due to disruptions in petrochemical feedstock supply through the Strait of Hormuz. This is causing price increases and shortages in various industries, including food and healthcare, potentially leading to a rethink of a ‘Middle East plus one’ supply chain strategy. The medical industry is particularly concerned about shortages of essential medical supplies like syringes.