On February 10th, Russia announced it would slash its output by half a million barrels a day. The decision led to a significant uptick in bullishness in the options market, while firming up timespreads.
Jamie Wallisch wants companies to recognize that they truly have leverage. “Manufacturers do have an important part to play, even though it seems so high up and far removed,” she says.
The new details released on February 9, including the contention that the device was part of a broader military-directed fleet, will add to the strain on U.S.-China relations.
For now, transportation and logistics are a major concern. Many routes into and out of the region by ocean, air and road are blocked or heavily congested.
Today’s fast-moving, consumer-centric world requires a supply chain that’s significantly more complex, now accounting for sustainability and resilience as well.
Efforts that can be made ahead of economic slowdowns are easier to implement, more consistent and more sustainable than those undertaken during periods of hardship.