DHL CEO Warns of ‘Tipping Point’ Risk If Oil Shortage Persists

DHL Group’s chief executive officer warned that the global economy risks hitting a “tipping point” if the shortfall in oil supply isn’t resolved, as the conflict in the Middle East squeezes transport routes and pushes up freight costs.

Consumers often fail to fully recognize the impact of crises until a single event — such as a major plant closure in a Western country — triggers “broader uproar,” DHL CEO Tobias Meyer said.