MORGAN TERIGI

THE Ukraine conflict is the latest wave of disruption to sweep worldwide. The resulting shockwaves are felt here in the Asia Pacific, compounding the challenges small-and-medium enterprises (SMEs) are already facing, including a shaky pandemic recovery and a strained global supply chain.

Even before the war, the global supply chain was already fragile. Global shipping schedule reliability dropped to a record low in January 2022, causing global shipment delays and supply shortages.