Heatwave: Due to low water - economist Grimm predicts price increase
Prices could rise for various raw materials, warns economic expert Veronika Grimm. She criticizes politicians for acting short-sightedly instead of preparing for such situations.
Economist Veronika Grimm has warned that low water levels on German rivers will lead to rising prices due to transportation problems. The low water level on the Rhine has reached a historic low in Düsseldorf, with the water level dropping to minus 1 centimeter. The German Industry and Commerce Chamber (DIHK) says the low water level is putting pressure on the chemical industry, which relies heavily on transportation via the Rhine.
DB Cargo plans to reactivate old freight wagons to compensate for the loss of ship transport, with the aim of replacing 200 binnenschiffe with 900 wagons.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
