Don Ake discusses two commodities whose prices have been affected by congested shipping traffic.
This Q&A response from Don Ake came from our July CV Update webinar. View the video and the key takeaways below.
- Steel has risen beyond expectations and it is uncertain if it has peaked or when prices will fall.
- Rubber has peaked at a high level but has not yet started to fall.
- These and other high-priced commodities all contribute to the high cost of commercial vehicle manufacturing.