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And here it comes. Worse than COVID. Worse than the Ukraine War.
Anything made of timber, plastic, or concrete uses abundant diesel, and since we no longer make plastic items, we should also include shipping.
Building products giant Boral has more than doubled the surcharge it charges customers for concrete as the fallout from the Middle East war worsens, adding to soaring costs for home builders and the construction industry.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.