Examining the Impact of Energy Price Volatility on Commodity Prices from Energy Supply Chain Perspectives

Oil has historically been the most significant primary energy source for our daily lives and business activities. However, recent skyrocketing oil prices have one of greatest concerns among policymakers, executives, general public due to their impacts on necessities, including food, clothing, automobile transportation. As a result, fast-rising inflation global scale is attributed mounting prices. Even though many countries made conscious effort tame subsequent inflation, efforts are often in vain some uncontrollable situations. These situations include ongoing war between Ukraine Russia, where Russia began weaponizing its resources limiting supplies neighboring European countries. Faced with current crisis, growing number policymakers executives attempted develop energy-induced risk mitigation strategies. With this mind, purpose paper investigate what may caused price hikes determine how significantly influence commodity This then proposes ways mitigate supply chain risks by analyzing four decades secondary data obtained from multiple sources.