Supply chain partners have never had greater access to tools for data collection and analysis than they do now, but many are failing to take full advantage of these resources.
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.
The delays are weighing on farmers’ incomes and raising costs for traders, so that growing and shipping Ukrainian crops becomes increasingly challenging.
Dan Dreyfus, global customs leader with EY, lays out the options that manufacturers are considering, as they seek to reduce their dependence on China and shift production to other regions.