Building a New Procurement Team

Chemical Price Volatility

Supply chain disruptions have led to volatile prices and a low inventory of natural gas imports from Russia. The Russia-Ukraine war led to European chemical markets witnessing high energy costs as trade routes were unviable. The chemical industry went through a tough time in Q1 2022.

Consulting firms banned from providing services to Russian entities

As the war between Russia and Ukraine escalated, the UK and U.S. banned consulting firms from providing services to Russian entities. There looms a gap where more companies require consultancy and legal advice, but sanctions prevent them from acquiring the same.

Podcast Alert: Supply Chain Insurance

Nick Wildgoose, a veteran Supply Chain Insurance expert, talks about the need for Procurement teams to stay on top of how the insurance sector works to avoid getting caught off guard when a crisis breaks out. He also offers his opinion on the pesky question of “limits” and how the rich database in possession of insurance brokers can come in handy to engineer supplier risk management program.