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Ural Boeing's titanium production plant in Russia © ArtEventET |
Aerospace and automakers are highly exposed should Russia’s Putin regime choose to retaliate against the sanctions imposed by the west and its allies.
A report from Flexport contends that blocked tradelanes, reduced sales opportunities and restrictions of critical Russian metal exports are likely to hit some manufacturers hard, with firms already acting to shore up their capabilities to handle the pressure.
“The automotive industry faces all three challenges – sales, sourcing and operations issues – with palladium, platinum and aluminium globally dependent ...
Comment on this article
Conor Warnes
March 07, 2022 at 3:59 pmI think we can all allow for any future complications and counter sanctions, inflated costs etc. temporarily for the safety and support of our Ukrainian friends, family and colleagues.