Jakarta, Jan. 6 -- The founder and Chief Executive Officer of Supply Chain Indonesia (SCI), Setijadi, has urged caution over the potential spillover effects of escalating tensions between the US and Venezuela, warning that geopolitical instability in energy-producing countries could disrupt global logistics despite no immediate impact on Indonesia's trade routes to South America.
Setijadi said geopolitical shocks in oil-producing nations risk triggering volatility in global crude prices, which would ultimately raise fuel costs and international shipping expenses, according to the Tempo.co.
Such dynamics, he noted, can create new pressures on energy supply security and global supply chain efficiency at a time when Indonesia is seeking to...
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