06 Apr 2022 -
 General

Forbes: Russia’s war against Ukraine is ‘invasion of the supply chain’ 

Russia’s invasion of Ukraine is “an invasion of the global supply chain”, reports Forbes, during an interview with Interos.

“Nearly 300,000 companies in the U.S. and Europe have suppliers in Russia and Ukraine, putting their national economies at risk. That’s how interconnected the world is today,” claims Interos CEO, Jennifer Bisceglie.

Forbes also reports an interview with Boston College Associate Dean, Aleksandar Tomic, who says, “One broad effect [of the war] is in metals and ores, where Russia and Ukraine are significant producers of commodities such as aluminum, steel and platinum. The largest broad effect comes from the rise in the price of oil, which is more contributing to inflationary pressures than it is affecting the actual delivery of goods.”

Further opinions come from University of Tennessee’s logistics expert, Thomas Goldsby, who said, “Many big tech companies put facilities in Poland and Hungary, for example, and those are quite close to the fire now. It is forcing those companies to shift capacity and volume to safer regions, like North and South America.”

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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