In February 2022, Russian forces invaded Ukraine. While this is a terrible humanitarian event, it also impacts the global economy.
Senior Economist, Dana Bodnar wrote an article featured with Inbound Logistics reflecting on the year since the Ukraine war began. The article focuses mainly on the impact the war has had on commerce. While Russia and Ukraine do not appear to hold a lot of weight internationally due to their small percentage of GDP representation, they hold responsibility as suppliers. This weight has been revealed more since the war’s beginning. The article also discusses what businesses have been facing as challenges such as supply chain conflicts, inflation, and economic uncertainty in general. What will this look like as 2023 continues? What are some potential solutions? Read the full article to learn more.