Sanctions imposed on Russia for its invasion of Ukraine are having an undeniable impact on global supply chains, but individual companies might have a hard time determining precisely how they’re affected.
The pandemic and resulting congestion in the supply chain have retailers reconsidering their traditional approach to sourcing and inventory management, says Larry Parker, department chair of transportation and logistics management, supply chain management, reverse logistics and government contracting at the Dr. Wallace E. Boston School of Business in the American Public University System.
Michael Walsh, partner with the law firm of Foley & Lardner LLP, discusses the impact on supply chains to date arising from Russia’s invasion of Ukraine, and what further effects companies might experience in the months to come.
Claudio Knizek, global leader of advanced manufacturing with EY, discusses the results of the firm’s new survey on shifting trends in industrial manufacturing and sourcing.
Maureen Sullivan, head of supply chain finance with MUFG, explains how current product shortages are driving a shift in inventory management away from “just in time” to “just in case.”
Much of the conversation around supply chain sustainability today focuses on the localization of sourcing, to cut down on emissions caused by moving product over long distances. But however laudable that goal might be, it’s not so easy to accomplish.