The invasion of Ukraine by Russia, and sanctions imposed on it for doing so, threatens to rock global supply chains that have already been strained by COVID-19. Many companies are being forced to rethink how they source materials. Those who currently source from this region have been forced to move operations or switch suppliers. But it’s not just supplies normally sourced from Russia and Ukraine that are at risk. Second-order impacts resulting from the conflict are expected to create challenges to global supply chains.
About the only thing that’s certain is that these challenges are going to increase for the foreseeable future. As such, now is the time to stress test your supply chain and pursue strategies to make them more resilient to risks. You can start by considering the questions below.
Scenario Planning / Risk Assessment
Catalyst Connection is here to help if you need assistance assessing the risk to your supply chain or building a more resilient supply chain. Don’t hesitate to reach out to Eric MacDonald or Connie Palucka.
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