There are a variety of ongoing disruptions caused by Russia’s invasion of Ukraine and the resulting economic Russian sanctions coming from other countries. The foundation of international markets is shaky, and threats of food insecurity could push other regions at greater risk.
The modern supply chain is global and often depends on Russia for production, either equipment or materials. Sanctions make these elements harder to procure elsewhere while preventing many companies from using existing Russian sources. Some companies have walked away from billions of dollars worth of infrastructure as they moved operations out of the country.
Now is a time when businesses must consider recalibrating their supply chains, not out of optimization potential but out of necessity.
Continue reading “How Russian Sanctions Are Impacting Global Supply Chains!”