Russia-Ukraine Conflict: Supply Chain Updates
|by Alpha Team
Russia-Ukraine Conflict: Supply Chain Updates
TLP: WHITE
In this briefing, ZeroFox Intelligence provides a supply chain update on the Russian-Ukraine conflict.
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Executive Summary
Nearly two weeks since Russia’s military escalation, impacts on the global economy are becoming clearer. While the economic impact on Russia and Ukraine has been staggering, they do not have enormous economies and account for less than two percent GDP worldwide; the countries with the two largest economies—the United States and China—have limited trade exposure to the region. Outside of Russia’s major trading partners in Europe, the economic effects have been limited to rising commodity prices’ impact on inflation and supply chains. However, the longer-term economic impacts from higher energy prices could shift from lowering Western growth to causing a global recession. Therefore, expect Western nations to push for alternative energy sources that reduce energy income for the Russian state while sourcing energy production elsewhere.
Tags: GEOP Events, geo-political, eu/russia, all industries, global