The news of the Russian-Ukraine war has been trending since it began in early 2022. Countless lives and properties have been lost in the conflict.
Besides the humanitarian crisis the war has caused, there have been disruptions in global supply chains. As if this is not enough, the recent pandemic-triggered lockdown in China has further strained the logistics industry.
Downgrading its earlier prediction in January by 0.8 and 0.2 percentage points, the IMF predicts that the world’s economy will expand by 3.6% in 2022 and 2023. This is a clear drop from the 6.1% growth of 2021 – this can be attributed to the war.
Let’s not even get started on what this will mean for price inflation globally. The supply chain has been fragile since the pandemic, only slowly recovering. In this article, we discuss how the Russian-Ukraine conflict will further threaten the stability of the logistics industry globally.
3 Industries That Are Suffering Major Hits From The Russian-Ukraine War
The multiplying ripple effects of the conflict in Ukraine and Russia are not just felt in these regions. On the contrary, these effects have become ‘seismic waves’ affecting many businesses and countries.
For instance, Russia is among the world’s top natural gas, coal, and oil exporters.
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This article will explain what the metaverse is, why logistics leaders should pay attention, and how the industry can benefit from it.
The logistics leader’s guide to the metaverse: building relationships using virtual worlds
Why should you care about the metaverse as a logistics leader?
It is impossible to use the internet and not come across the term metaverse these days. Facebook rebranding as Meta was perhaps the top headline that started the buzz. Artists like Travis Scott and Ariana Grande performed concerts in the metaverse, setting a new trend. In the business world, Microsoft and Meta have already invested billions of dollars into the metaverse.
But the metaverse is not still well understood by some business leaders. That could cost their companies greatly in the future. The metaverse market is projected to be worth 1.3 trillion dollars by 2030.
Learn about the metaverse and how you can use it to build relationships as a leader in logistics.
Glossary of metaverse terms, based on information from Financial Times, Wunderman Thompson, VR Glossary, and CoinMarketCap
What is the metaverse?
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Take a listen to the full video below to hear what Jade has to say about the Airfreight Industry, Leadership, Digitisation and Humanitarian Aid.
Continue reading Airfreight is Vital in sending Humanitarian Aid at Soft Freight Logic.
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