In the short term, the war is causing energy prices to soar and prompting fears of famine in some countries. In the long term, it could remake the modern global supply chain.
Disruption at each stage of supply chain – production, transportation and distribution – is forcing New Zealand to ‘import’ more inflation. There will be no quick fix in 2022.
Research suggests that two factors are most important when making decisions on how businesses should respond to the U.S.-China trade war: location and supply chain dependence, and technology.
The threat of COVID may be receding, but the fall-out will continue to affect business in the coming year, requiring strong leadership to navigate uncertain times.
Canada could become a global leader in the supply of materials needed for renewable energy systems if it finds ways to control the environmental footprints associated with their extraction.
We’re reliant on overseas supply - and the many moving parts of delivery. Each of those parts require staff on the ground – and many workers in this system are likely being affected by Omicron.