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Keep These 6 Geopolitical Supply Chain Risks on Your Radar in 2024

Resilinc

In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. With the ongoing war between Russia and Ukraine, the Israel-Hamas War, and the crisis in the Red Sea, the shockwaves these conflicts sent throughout their nations and the world have been felt everywhere—especially in the supply chain.

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

Logistics Viewpoints

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Increased input costs: Russia is the second largest crude oil supplier in the world.

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What Shippers and Retailers Need to Know for Peak Season Planning 2022

The Logistics of Logistics

When asked what peak season is, it’s easy to assume the holidays are the only peak shipping season. However, four shipping seasons occur throughout the year and are often regular and expected. That was the case until the ongoing disruptions of the past few years changed the shipping game. Q2: The Produce Shipping Season.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Because Russia and Ukraine are leading exporters of grain, wheat futures in Chicago rose by almost 6% to $9.26 Accenture ). McKinsey ).

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The impact of regional instabilities on the Global Supply Chain and how ERP can help

SYSPRO Smarter ERP

Even before the pandemic, global supply chain were fragile thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Russia is the world’s third-largest oil producer and the second-largest foreign oil supplier to the US.

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High Prices and Low Availability Plague the Electrical Supply Chain!

Supply Chain Game Changer

Earlier this year, before Russia invaded Ukraine and COVID-19 reemerged in China, it seemed we would finally enjoy relief from supply chain interruptions and price increases. Add a resurgence of Covid-19 in China near major ports for a further strain on shipping , and supply chains as we once knew them are a thing of the past.

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Resilience in Defence: Analysis of the Defence Command Paper

Proxima

The Government’s initial analysis in 2021 was broadly correct: Russia remains the biggest danger to UK security, with China remaining a looming threat. Resilience can be applied to defence procurement and supply chain, but this requires a unique and holistic approach.