Russia's invasion of Ukraine put further stress on already overburdened supply chains.

The chemical sector has had a difficult year as a result of the Russian invasion of Ukraine, with rising energy and raw material costs, further bottlenecks in supply networks already pressured by the pandemic, economic uncertainty, and political instability. The gravity of these difficulties was ...

Korea has raised the red flag due to an all-time high trade deficit.

As per Last month, South Korea posted an all-time high trade deficit as a result of ballooning raw material import prices and comparatively poor export growth, raising a red flag for Asia's 4th largest economy, which is heavily reliant on exports for growth.

According to the Ministr...

COVID-19 recovery deemed weak by government, concerns rising material costs

As the economy struggles to recover from the Coronavirus Outbreak, The ministry has expressed concerns about the impact of recent increases in the price of raw materials, particularly crude oil.

Highlights:

• Cost of raw materials likely to rise, as everything is getting...

EUROPEAN UNION AND UKRAINE PLANS TO DEEPEN CO-OPERATION IN THE FIELD OF CRITICAL RAW MATERIALS

Highlights:

• European Union and Ukraine are together planning for deepening the co-operation in the field of critical raw materials
• The prime minister of Ukraine said that, they have already discussed with the EBRD for verifying the reserves of mineral...

COUNTRIES WANT THEIR COMPANIES TO RELY LESS ON CHINA

Highlights:

• Countries such as the United States, Japan, and France are asking their companies to rely less on China to make the world’s smartphones, drugs, and other products.
• Many companies do not want to leave skilled China’s skilled wor...