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
Ng Khee Siong, managing director of Borneo Motors parent Inchcape Singapore, resigns
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Malaysia data centre boom enters ‘reset mode’ as resource, funding realities bite: S&P
Kingsford Group inks deal to buy Tan Boon Liat Building at lower reserve price of S$950m
