A new survey from Standard Chartered (HKG:2888) found that nearly two-thirds of business leaders expect costs to rise by 5% to 14% over the next three to five years, The Standard reported Wednesday.
Businesses cited supply chain restructuring, geopolitical uncertainty, and tariff changes as reasons for the potential rise.
The survey was conducted between July and early August and collected responses from 1,200 participants from 17 markets, including Hong Kong, mainland China, and the U.S., the report said.
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