– The world’s two major ongoing conflicts have had a marked impact on global supply chains. The 14-point plan extending the ceasefire between the US and Iran may reduce disruptions at the Strait of Hormuz, but goods flows and inventories may not recover until early 2027 — with some products taking longer where infrastructure damage has occurred.
– After four years of war with Russia, Ukraine’s position in global supply chains has shifted with exports of metals and agriculture down and imports of autos, aerospace and weapons up by 80.1% in the past 12 months versus 20...