Russia's invasion of Ukraine has prompted the U.S. and European governments to respond with economic sanctions and pledges of munitions and other support for Ukraine. This has resulted in an already fragile supply chain facing even more pain points. Following are links to articles developed by various Endeavor Business Media (owner of Material Handling & Logistics) brands, discussing aspects of the invasion and how they could impact global supply chains, particularly in the U.S.
Global Supply Chains
IndustryWeek discusses the possible ramifications of Russia’s actions on the global supply chain, and offers insights into why there could be significant shortages of natural gas and crude oil as a result of the sanctions on Russia. there will be significant shortages of natural gas and noticeable crude oil shortages in many European countries should NATO countries decide to impose sanctions by blocking imports of crude oil and natural gas from Russia.
Selling Off Russian Investments
BP announced plans to sell off its main Russian holdings as international sanctions are making it increasingly difficult to do business with the country, following its invasion of Ukraine, reports Oil & Gas Journal.
Tech Export Ban
The U.S. Commerce Department banned exports of high-tech products to Russia in response to the invasion, a step intended to harm Russia's ability to produce tanks, airplanes and other military equipment, reports Lightwave. Five European countries are expected to roll out similar bans.
Energy Pricing
Russia supplies massive quantities of oil and natural gas to Europe, so between sanctions from Western nations and uncertainty over the impact of the invasion is driving energy prices significantly higher, reports the Oil & Gas Journal.
Security Challenge
Security Info Watch looks into how companies can get employees out of troubled regions and what steps businesses should take to prepare for geopolitical strife.
Sanctions
Germany has halted certification of an $11 billion pipeline that was supposed to begin transporting natural gas from Russia to Germany later this year, a controversial project that would have allowed Russia to bypass Ukraine and other Eastern European countries. Oil & Gas Journal editors look into that economic sanction.
Cyberattacks
In recent conflicts, Russia has stepped up its use of cyberattacks on other countries, raising the possibility of non-military attacks on Ukraine and its allies—including U.S.-based companies. Military+Aerospace Electronics’ editors discuss:
- The potential for a fully realized cyberwar with Russia bringing its attacks on electronic infrastructure to a larger scale than ever before.
- The likely avenues of cyberwarfare that Russia is expected to use in its invasion of Ukraine.
At Plastics Machinery Manufacturing, business experts discuss how companies can defend themselves against cyberattacks if Russia begins using that tool to attack targets outside of Ukraine.
Changing Strategies
Plastics Machinery & Manufacturing spoke to executives at FlexBow, a Lithuanian company that makes blow-molding equipment. As a company near the conflict zone, it is reconsidering customer and supplier relationships.
