The disruption to the supply chain caused by recent material and labor shortages and freight delays (associated with the COVID-19 pandemic and other unforeseen catastrophes) has left the supply chain in disarray. At its most basic level, the supply chain is the term for the actions and participants that are required to deliver goods or services to an ultimate customer or consumer. The number of “links” in the supply chain depends on the complexity of the good or service being provided. Increasingly, the links in a supply chain are interdependent, and one break in the chain can have disastrous effects. The recent supply chain disruptions have resulted in buyers and sellers navigating uncharted territory regarding extreme price increases, record-setting inflation, production-threatening delays, and unprecedented attempts to re-negotiate longstanding supply agreements.
To help you navigate these issues, Foley & Lardner is launching its Supply Chain Disruption Series, with our first installment coming later this week.
In this Supply Chain Disruption Series, buyers and sellers will receive information on the following timely topics, among others:
How to Address Inflation
Key Legal Defenses to Performance and When to Use Them
Case Law Trends
“Fair and Reasonable Allocation” and its Practical Application
Transportation and Delivery Issues and Port City Logjams
Buyer’s Perspective: Best Practices for Purchase Orders and Terms & Conditions of Purchase
Seller’s Perspective: Best Practices for Terms & Conditions of Sale
Price Adjustments and Indexing as a Tool to Allocate Risk More Fairly
Threats of Antitrust Enforcement in the Supply Chain
Updates to Forced Labor Standards and Enforcement
Fallout from the Russia/Ukraine Conflict and Related Sanctions
China De-Coupling and Associated Risks
Industry Trends in Mexican Nearshoring
Credit Risks and Issues When Your Supplier is in Financial Distress
Force Majeure Seller Quiz — Can you declare Force Majeure?
Industry Spotlights: Waves of Change and Aftershocks in the Health Care, Food and Beverage, Automotive, and Energy Supply Chains
Subscribe to the Supply Chain Disruption Series
For an ongoing discussion of how to ensure your company is ready to face adversity in the supply chain, we invite you to subscribe to this Supply Chain Disruption Series by clicking here.
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