Davos 2024
ABB Chairman Says Its Localized Supply Chains Spare It From Red Sea Turmoil
- Voser sees attacks causing industry delays, higher costs
- ‘What we produce in a country we sell in that same country’
Peter Voser
Photographer: Ore Huiying/BloombergABB Ltd. will be largely spared from the impact of the turmoil in the Red Sea thanks to its localized supply chains and lack of dependency on global logistics routes, according to the company’s chairman.
While the Swiss industrial conglomerate will be less affected by repercussions from issues such as delays and higher prices, recent attacks in the Red Sea will affect the whole industry, ABB Chairman Peter Voser said in an interview at the World Economic Forum in Davos, Switzerland.