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

Logistics Viewpoints

Shift in the centers of gravity of the demand: As of the beginning of April 2022, about four million Ukrainians have left the country for neighboring countries such as Poland, Romania, Slovakia, Hungary and Moldova. For the longest time, supply chain organizations’ major objective was cost optimization.

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New: Global Trade Map 2016

Supply Chain Movement

While it is not possible to eliminate all the risks, international trade agreements between the European Union (EU) and other countries/regions can help to minimise the financial risk by reducing customs duties payable and improving market access. Free Trade Agreements and Preferential Trade Agreements. Saint Lucia. Saint Pierre and Miquelon.