Ukraine crisis hits supply chains; air freight feels the impact
In addition to dealing with surging fuel prices, firms have to also deal with the repercussions of disruptions to air transport
Add BT as a preferred source
Singapore
GLOBAL supply chains, which have barely been able to recover following more than two years of disruptions due to Covid-19, are being further roiled by the Russia-Ukraine conflict.
The impact is already being felt on the air freight front. In addition to dealing with surging fuel prices, firms have to also deal with the repercussions of disruptions to air transport as Europe, Canada, the United Kingdom and the United States have banned Russian flights from its airspace.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
EU and Asean at 50: time for bold action
