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The Fog of War in Ukraine Darkens the Global Economic Outlook

MIT Supply Chain

Russia’s brutal invasion of Ukraine intensifies the product shortage and price rise issues we have come to associate with Covid-19. have predicted owing to the accumulation of inventory in manufacturing. The conflict in Ukraine has accelerated these trends in dramatic fashion. The good news?—?if including myself?—?have

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2023 Mid-Year Check-In: Current Status of Supply Chains and What’s Next?

Logistics Viewpoints

And recent disruptions, including the war in Ukraine, placed supply chain resilience as a priority on the top of the agenda for CEOs. In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list.

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What is Inventory Planning and why should SMBs be doing it?

StockTrim

Added to that is the recent turmoil in the Ukraine with Russia and Belarus being the agitators. It's making manual inventory planning extremely difficult. The supply chain for most companies is in a state of flux and it will likely take 2 years or more to heal itself.

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What Shippers and Retailers Need to Know for Peak Season Planning 2022

The Logistics of Logistics

In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. Further, Ukraine supplies more than one-half of the world’s neon gas necessary for printing circuits on computer chips. Bottlenecks from future COVID-19 variants are possible.

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2023 Supply Chain Priorities, Perceptions, and Initiatives – Preliminary Results

Logistics Viewpoints

In addition, the Board asked executives what steps they were taking in response to the war in Ukraine. Inventory shortages/stock-outs was the factor with the second highest negative impact potential for 2023 in our preliminary survey results. Earlier this month in the post titled What Does 2023 Have In-Store for Global Supply Chains?

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What Does 2023 Have In-Store for Global Supply Chains? Resilience, Efficiency, Responsiveness, or Widespread Dysfunction?

Logistics Viewpoints

Subsequently, the Board conducted a special C-Suite Outlook midyear survey asking executives “ What steps are you taking in response to the war in Ukraine ?” Its survey results showed supply chain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs.

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5 Supply Chain Predictions for 2023

Logistics Viewpoints

In a soon-to-be-published survey conducted by Coupa Software, European supply chain leaders cited the ongoing geopolitical conflict in Ukraine as a major concern. The optimist in me likes to believe that the Russian aggression on Ukraine will not be prolonged, given the toll it is taking on the citizens of both the nations.