One key factor is oil prices, which is a major commodity traded across borders. The sanctions have affected oil operations in Russia. This has resulted in disruption in the oil production, which had a direct impact on the entire supply chain of oil companies across the world. Oil is an essential commodity for many businesses and with its price rise, there might have been a dip in other businesses who use oil as an input cost. Learn more here.
Walmsley, Ashley| “Global shipping container bottlenecks and bunching set continue for 2022”