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Today’s supply chains are under enormous stress. Our industry has seen major impact from the pandemic, port crises, severe weather events, and supply and labor shortages—all adding to shipping delays.
Now, the Russia/Ukraine war has added new disruption and the sanctions imposed are having a compound effect on already beleaguered supply chains. Trade in commodities and industrial inputs that originate in Russia and Ukraine—everything from wheat and oil to nickel and palladium—have been disrupted, and prices have soared.