Middle East tensions disrupt costs and supply chains; Abel: Berkshire addresses this with a long-term perspective

The costs of raw materials and energy have risen in the short term, especially the input costs for chemical-related businesses, resulting in pressure on quarterly profits. However, the company is mitigating the impact through contract pricing and time rebalancing. Some products have limited direct sales to the Middle East market, but supply chain and logistics adjustments are still underway to maintain delivery. He emphasized that employee safety and long-term operations are equally important, and the company will not put assets at risk for short-term gains. The team will focus on finding solutions for customers and overcoming the current difficulties.