Foley & Lardner LLP Partner Vanessa Miller is quoted in the article, “Economic Dangers from Russia’s Invasion Ripple Across the Globe,” by The Associated Press discussing the broader economic implications of Russia’s invasion of Ukraine, as well as the direct impact the situation will have on global supply chains. ABC News Online and U.S. News and World Report also ran the article.
Supply chains have been experiencing unprecedented issues, leading to overwhelmed factories, ports and freight yards which has meant shortages, shipping delays and higher prices. If disruptions to Russian and Ukrainian industries continue, it will become increasingly harder to return to normal conditions. As a result, Miller stated that at this stage, “it’s impossible for supply chains to catch up.”
As the Russia-Ukraine war continues, so too do new business and legal implications for companies around the world. For more information on how to mitigate risk and protect your business, contact a Foley lawyer today.