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How ’s attack on e could hit supply chains

Started by PocketOption, Feb 23, 2022, 12:50 pm

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How 's attack on e could hit supply chains

Invasion, , e

How 's attack on e could hit supply chains


As the -e crisis escalates, Oil and gas prices will spike further. The influence on energy won't be the only ramification.


Analysts tell CNBC that supply chains would appear disrupted as the crisis worsens from wheat and barley to copper and nickel. Analysts regard e as the breadbasket of Europe.


CEO and founder of sourcing technology company Keelvar Alan Holland said that an invasion would disrupt the food supply chain. Analysts said that  and e are also significant metals and other commodities suppliers.


Uncertainties between  and e reached a fever rise in the last few days as Putin ordered its forces into two pro-n separatist regions in eastern e. It happened after he said  would formally recognize the independence of these two regions: Donetsk and Luhansk.


President Joe Biden said on Tuesday that 's actions in e appeared to be the apparent beginning of an invasion, and the United States and its allies would respond. He said the United States and its allies would respond, but he gave no details. The comments reflected the administration's increasingly hawkish stance toward , which has faced international condemnation for its incursion into e.


Overview of  and the potential agricultural crisis


Analysts said that e is a major producer of wheat, corn, barley, and rye, which much of Europe relies on. It's also a significant producer of corn, a primary feedstock for ethanol and animal feed. These agricultural commodities are a substantial part of its economy, employing millions of people and making up a significant portion of its exports.


The country is also a key supplier of agricultural commodities to Europe, which means that disruption of its grain exports would have a ripple effect.


Holland said a prolonged conflict would create bread shortages this fall even though harvesting season is still a few months away. He added that it could also increase consumer prices.


 

 

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