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Analysing the Impact of the Russian-Ukrainian Conflict on the Supply Chain and Providing Solutions for Businesses
- 1 Guanghua Cambridge International School, Chuanzhou Road, Shanghai, China
* Author to whom correspondence should be addressed.
Abstract
The Russian-Ukrainian conflict was one of the most fierce geopolitical conflicts in the world and it is considered to reshape the global supply chain because Russia and Ukraine are exporters of many products which are the raw materials for various industries, such as crude oil, food and metals, leading to a shortage and hence a rise in the price level. It especially caused disruptions in the supply chain of the automobile industry, keeping the wire harnesses from Russia and Ukraine from being exported. This study conducts secondary research with a SWOT analysis of the automobile industry in Asia and Europe, by taking China and Germany as the main subjects for analysis, because the two countries have the largest automobile industry in their continent. The study compares the effect of the conflict in both regions and provides suggestions. It fills the research gap by comparing the effect of supply chain disruptions across regions.
Keywords
Russian-Ukrainian conflict, supply chain disruption, SWOT analysis
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Cite this article
Wang,X. (2024). Analysing the Impact of the Russian-Ukrainian Conflict on the Supply Chain and Providing Solutions for Businesses. Advances in Economics, Management and Political Sciences,113,37-44.
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Volume title: Proceedings of ICFTBA 2024 Workshop: Human Capital Management in a Post-Covid World: Emerging Trends and Workplace Strategies
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