How the Conflict Between Russia and Ukraine is Affecting Supply Chainsby@marcmeyer

How the Conflict Between Russia and Ukraine is Affecting Supply Chains

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Russia and Ukraine supply 30% wheat, 48% oil, and 40% gas to European countries. With sanctions on Russia, and Ukraine's resources up in smoke, exporting the available supplies is reduced to impossible, not to mention production preparation for the following year. Many companies are looking to move their production centers locally to stabilize their operations. Not all countries have the resources, funds, or infrastructure to bring production home in response to a conflict. The World Bank predicts an almost 37% jump in food prices due to the conflict.

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@marcmeyer

Marc Meyer

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