article thumbnail

Supply Chain Impacts from Russia-Ukraine Conflict

Logistics Viewpoints

I believe many of us are spending an abundance of time reading about the Russia-Ukraine war. For example, the rapid increase in the price of oil to over $100 a barrel for WTI is sure to result in additional inflation in our current inflationary environment. However, Ukraine’s service economic is substantial as well.

Ukraine 232
article thumbnail

5 Steps to Address the Rising Geopolitical Risks to Your Supply Chain

Logistics Viewpoints

My recent conversations with the supply chain practitioners are dominated by supply chain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Here are some ways supply chains are being impacted by the situation in Ukraine. Let us dive deeper into how supply chains are getting disrupted.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Role of Data in Sourcing Success

LevaData

It's difficult to source and buy direct materials at scale. For example, you have to make sure the supplier you're dealing with makes sense from both a cost and risk perspective. Data is available now, more than ever, to considerably widen sourcing's remit, bringing in these under-addressed purchased items and hazards.

article thumbnail

Local sourcing – is it for everyone?

Procurement Academy

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing.

article thumbnail

Local sourcing – is it for everyone?

Procurement Academy

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing.

article thumbnail

Keeping Up with a Changing World

Enterra Insights

One of those factors is the war in Ukraine. Agence France-Presse recently reported, “The OECD warned that the world economy will pay a ‘hefty price’ for Russia’s invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation. How the war in Ukraine is changing the world.

article thumbnail

2023 Mid-Year Check-In: Current Status of Supply Chains and What’s Next?

Logistics Viewpoints

And recent disruptions, including the war in Ukraine, placed supply chain resilience as a priority on the top of the agenda for CEOs. Simply put, supply chain operations are under strain with pressures coming from multiple sources. All of these issues remained relevant in 2023 as well (see Conference Board C-Suite Outlook 2023 ).