MIT Sloan has an article about how the Russian invasion of Ukraine is impacting the global economy, specifically regarding the supply chain.

According to Sloan, the conflict is impeding the flow of goods, fueling dramatic cost increases and product shortages, and creating catastrophic food shortages around the world, according to experts at a virtual symposium hosted by the MIT Center for Transportation and Logistics.

It is worth noting that this article was written before Russia bombed Odessa a day after declaring a cease-fire to ease hunger problems occurring around the world.

Naturally, the invasion was hardly the only contributing factor to the current global supply chain crisis, panelists at the symposium said. Significant supply chain disruptions started bubbling up during the heat of the trade wars in 2018 and 2019 and were pushed into new territory over the course of the COVID-19 pandemic, continuing to this day.

The resulting ripple effects of the war are threatening the supply of key food resources like wheat and raising the possibility of a global famine, according to Sloan.

Read more here.