Crisis in Ukraine: opportunity for Central and Eastern Europe?

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On the day Crimea’s parliament votes to split from Ukraine and formally asks to join the Russian Federation, businesses and supply chains in the region are facing disruption, according to this report. Central and Eastern European manufacturers are seeing a double-digit decline in orders, while truckers are trying to shift capacity to domestic rather than cross-border routes. Multinational forwarders with strong ties to the region are expected to win business as shippers become more wary of local firms and, despite the current fall in orders, CEE manufacturers could pick up business previously centred in Ukraine. The country has never been the easiest place in which to do operate – now it’s become even tougher.