The events of the past two years have severely tested the resilience of international businesses and their supply chains. The impact from the pandemic-induced supply shock and changes in consumption patterns has also been further complicated recently.

• Shortages or delays in the supply of key components and raw materials, and the impact on costs and financial performance
• Restructuring of supply chains to increase on- or near-shoring
• Changes in the relative value of different parts of the value chain driven by new requirements
• Global financial markets and intra-group cash management requirements
• Losses arising from sudden changes in the supply chain due to sanctions and voluntary actions