Ukraine crisis hits supply chains; air freight feels the impact

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.