Ukraine President Volodymyr Zelenskiy is urging farmers to sow as many fields as possible to protect the food supply. But several of the nation’s largest agribusinesses say some plantings just won’t happen if Russia continues its war in Europe’s breadbasket.
The pandemic has many logistics providers on the ropes. John Garden, vice president of freight and logistics with Mastercard, discusses three key areas on which they must focus in order to survive the current crisis.
Soaring U.S. energy prices are hitting all modes of transport, squeezing smaller shipping lines amid already-volatile ocean rates, as well as truckers who have to contend with delays in clawing back higher costs.
Russia’s ongoing invasion of Ukraine has the shipping industry bracing for new shocks to its labor force, which relies on experienced crew from both countries.
The war in Ukraine has already revealed that the modern financial system can be weaponized in ways never before seen. Now the same might be true of the energy transition.
Russia’s invasion of Ukraine means the food inflation that’s been plaguing global consumers is now tipping into a full-blown crisis, potentially outstripping even the pandemic’s blow and pushing millions more into hunger.
Putin’s assault on Ukraine, and retaliatory steps designed to paralyze the Russian economy, are heaping new disruptions on supply chains that never recovered from unprecedented shocks caused by the pandemic.
After years of growing increasingly reliant on cheap and abundant wheat supplies from Russia and Ukraine, the world’s grains buyers are being forced to hunt elsewhere as flows from both countries dry up.
The supply squeeze on the U.S. economy tightened further in February, indicating no relief for domestic producers and pointing to persistent inflationary pressures.