The Middle East war caused higher costs. Supply chain stumbles and production slowed due to supply problems

The intensification of the war in the Middle East has reinforced global business awareness that “geopolitical risks” It is no longer just a temporary event that creates periodic fluctuations, but is becoming a structural risk to the global economy This will inevitably affect long-term business operations. The war in the Middle East had a wide-ranging impact. From volatile and skyrocketing oil prices, transportation costs, freight and insurance premiums from significantly increased war risks. to the problem of delayed transportation and shortages of raw materials or parts in the chainSupply Many countries are beginning to see a slowdown in production activity, not as a result of lost demand but as a result of supply disruptions

For Thailand, such risks have a wide impact on the business sector. The EEC area is one of the production bases of important industries that are affected by various groups, such as energy, petrochemicals, automobiles, and electronics. including agriculture and food These industries all rely on foreign raw materials, parts, and machinery, while also relying on export markets inhigh proportion When the war situation is still highly uncertain The impact therefore occurs in many dimensions. both higher costs Uncertainty in the supply of production factors and risks in product delivery Such risks not only affect a particular company. But it is a structural risk for the entire industry cluster. Because if the upstream industry stopsCha Ngak downstream industries will be affected in a chain

How to ensure continuity of production and delivery? Even in the face of uncertainty

Over the past several decades The mass production sector grows under the concept Just‑in‑Time Or having raw materials “just in time, just using ”, which will help reduce stock costs and increase efficiency in normal conditions where transportation is stable. But as the global context shifts from certainty to geopolitical risk, Such models therefore began to existWeaknesses are greater because systems without adequate bumpers become fragile immediately when raw materials or critical parts are missing, causing the entire production line to be disrupted

The important question that businesses need to rethink is not just “, how to keep costs as low as ”, but “, how to ensure continuous production and delivery? Even in the face of uncertainty” Especially in industries that rely heavily on the global market, in this context the Just‑in‑Case concept Therefore, it has returned to play a greater role as a risk management tool. However, Just‑in‑Case It does not mean hoarding so many products that costs escalate. But it is about giving importance to flexibility and being able to absorb shocks throughManage stock with goals The business sector should start by specifying which raw materials or parts are “bottlenecks that, if lacking, will result in production being halted. Then build a safety stock at a critical point, distributing purchasing sources to more than one country. or have backup suppliers for important parts along with investing inSupplier mapping system to see the supply chain as deep as Tier 2-3 and use real-time data to help predict and recognize risks from the beginning

Lessons from abroad clearly reflect this idea. For example, Japan’s Toyota, which was previously severely affected by the earthquake and tsunami. Until having to review the supply chain in a big way An important list of parts that must maintain continuity of supply has been prepared and a minimum level of reserve has been set for some specialized partsType The goal is not to abandon the Lean system (a work process aimed at reducing waste and using fewer resources), but rather to make the Lean system more impact resistant

In the period ahead, business competitiveness will not be measured solely by the lowest costs, but rather by readiness for uncertainty Businesses that can balance efficiency Just‑in‑Time and flexibility Just‑in‑Case Maintain continuity of production Adjust the supply chain to be flexible. Increase the efficiency of raw material and energy management well and be able to deliver products as scheduled. It will have the potential to become an important production base in the global supply chain. Because in a world where “Irregularities have become normal” Ability to deliver continuously Therefore, it is one of the keys to competitiveness

Published in N.S.P Krungthep Turakij, Smart EEC Column, May 7, 2026

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flyExclusive, Inc. (FLYX) Q1 2026 Earnings Call May 11, 2026 5:30 PM EDT

Company Participants

Christopher Neale
Thomas Segrave – Founder, CEO & Chairman of the Board
Bradley Garner – Chief Financial Officer

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Presentation

Operator

Greetings, and welcome to flyExclusive, Inc.’s First Quarter 2026 Earnings Call. [Operator Instructions]. Please note that this conference is being recorded. I will now turn the call over to Chris Neale with Marketing. Thank you, Chris. You may begin.

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Christopher Neale

Thank you, operator. Good evening, and thank you for joining flyExclusive’s First Quarter 2026 Earnings Conference Call. Joining me on the call today is Jim Segrave, flyExclusive Founder and Chief Executive Officer; and Brad Garner, our Chief Financial Officer. We announced fourth quarter and year-end financial results this morning before the market opened, along with the filing of our Form 10-Q for 3 months ended March 31 — March 31, 2026. We’ll be providing certain non-GAAP information during today’s discussion. Important disclosures about this information and a reconciliation of the non-GAAP information to comparable GAAP information is included in our Form 10-K filed with the SEC and is available on our Investor Relations website. In addition, this discussion might include forward-looking statements. Actual results might differ materially from any number of reasons, including risk factors described in our annual report on Form 10-K and our quarterly reports from Form 10-Q and in the press release covering forward-looking statements. Rather than rereading this information, we are going to incorporate it by reference in our prepared remarks. And with that, let me turn the call over to Jim.

Thomas Segrave
Founder, CEO & Chairman of the Board

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Thank you, Chris, and thank you to everyone joining us this afternoon. The first quarter of 2026 was another important proof-of-concept point for flyExclusive. For the better part of 2 years, I have told

Mumbai: The rupee sank to a new closing low and equities slumped on Monday as oil prices spiked past $100 a barrel again with Donald Trump rejecting the peace plan offered by Iran and PM Narendra Modi calling for austerity to conserve the country’s foreign exchange reserves and rein in fuel consumption amid little sign of the Gulf war ending soon.

Analysts said the Nifty is anticipated to remain in a narrow range with investors keeping a close watch on oil prices. However, the broader market is likely to be resilient, they said.

The Nifty 50 fell 1.5%, or 360.3 points, to close at 23,815.85, dropping below 24,000 levels for the first time since April 30, while Sensex slipped 1.7%, or 1,312.91 points to end at 76,015.28.

PM’s advice is anticipated to be a precursor to measures that may be taken to attract dollars, said Sunny Agrawal, head of fundamental research, SBI Securities.

Fear Gauge India VIX Rises 10.2%
“The US-Iran stalemate continued to weigh on the markets and PM Modi’s advice to restrain spending to conserve the forex and tackle pressure from rising oil prices led to panic selling today,” said Agrawal. The rupee, which has been closely tracking movements in oil prices, ended at 95.31 per dollar, weaker than the previous close of 94.48. Brent crude oil futures rose 3.1% to $104.4 on Monday after Trump rejected the new Iran peace offer. They had dropped 6.4% in the past week. The Indian currency opened at 94.88 and fell through the day. Levels above 95.20-95.25 prompted intervention by the Reserve Bank of India, traders said, with state-run banks spotted selling dollars. “Markets reacted cautiously to PM Modi’s remarks highlighting concerns over rising imports and the need to reduce dependence on imported commodities,” said Jateen Trivedi, currency research analyst, LKP Securities. “The speech has raised concerns about the pressure of a higher import bill on the economy and currency stability, especially with elevated crude prices continuing to strain the external balance.”

The increase in oil prices also spooked the 10-year benchmark government bond yield, which closed at 7.03% on Monday, five basis points higher than its previous close.
The global uncertainty due to the West Asia war has made investors hesitant about deploying lumpsum funds and the market is likely to remain range-bound in the near term with a bearish bias, said Sandeep Bagla, CEO, Trust Mutual Fund. “While Q4 earnings are largely in line, the higher oil prices are expected to eat into future earnings which could lead to valuations correcting,” he said. “Investors must temper return expectations in the short term.”The India VIX volatility index jumped 10.2% to 18.6, suggesting that traders anticipate higher risk in the near term.

Technical analysts said that the gap down opening is expected to be a corrective pullback in an uptrend and not a trend reversal.

The Nifty downside is expected to be limited to 23,500-23,600 levels and positional traders can buy at these levels as the risk reward is likely to be favourable, said Ruchit Jain, head of technical research, Motilal Oswal Financial Services.