Rerouted shipments and higher fuel prices are squeezing margins, with some companies introducing new fees to stay afloat.

Paint manufacturer AkzoNobel says the conflict in the Middle East has pushed up its procurement costs. The company, known for brands including Flexa, Dulux, and Sikkens, shared the update in its first-quarter results. Despite geopolitical tensions linked to the Iran war and volatile markets, AkzoNobel reported a strong performance over the period.AkzoNobel said it benefited from price adjustments and cost reductions, which improved profitability. The company reported an adjusted operating profit of 345 million euros and nearly 2.4 billion euros in revenue.