Business

Brazil’s logistics sector braced for higher costs amid soaring fuel prices

Any hope of a post-Covid respite for logistics firms was destroyed when Russia invaded Ukraine, setting off a chain reaction of volatility and price increases

logistics Freighter arriving at the Port of Itajaí. Photo: Alexandre Rocha/Shutterstock
Freighter arriving at the Port of Itajaí. Photo: Alexandre Rocha/Shutterstock

Around the world, the war sparked by Russia’s invasion of Ukraine has ignited concerns about disruptions to global logistics and supply chain operations. Much of the worry is caused by oil price shocks, as well as interruptions to cargo transport in and out of the two warring countries.

In the first week of the conflict, major shipping firm Maersk warned that the turmoil in Eastern Europe has “a global impact, not limited to trade with Russia.”

In Brazil, however, the effect on the logistics sector is still diffuse. “The impact [of the war] has been low so far,” said...

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