SAP: US, UK & India elections 'will impact supply chain'
Supply chain experts are warned of continued challenges in 2024 due to weather, geopolitical conflicts, and labor disputes. Changes in government through elections can impact businesses and supply chains, leading to potential trade restrictions. Tony Harris of SAP Business Network urges companies to plan ahead by researching alternative suppliers, addressing capacity constraints, and staying informed on potential disruptions through integrated technologies.
Source: Link
FAQ: SAP: US, UK & India elections 'will impact supply chain' - Supply Chain Digital
Frequently Asked Questions
Q1: Who has warned about the impact of elections on the supply chain?
A1: Tony Harris, the SVP of SAP Business Network, has warned business leaders to prepare for more supply chain disruption following key elections in the US, UK, and India.
Q2: What are the key countries where elections may cause supply chain disruptions?
A2: The key countries identified are the United States, the United Kingdom, and India.
Q3: What should business leaders do in anticipation of these potential disruptions?
A3: Business leaders are advised to prepare for more supply chain disruption, which could mean planning for alternative supply routes, stockpiling necessary materials, or diversifying their supplier base.
Q4: Can I find more detailed SAP press releases on this topic?
A4: Yes, SAP Press Releases related to this topic can be found at the SAP News Center, which provides press resources including media coverage on supply chain impacts due to elections. Click here to access.
Q5: Is there any specific analysis on how the elections will affect the supply chain?
A5: While the specific details of the analysis were not provided in the information available, the assertion suggests that elections hold profound implications for businesses and supply chains, often leading to changes in economic policies, trade agreements, and government regulations that can disrupt operations.
Q6: Where can I read the full article by Supply Chain Digital on this subject?
A6: The full article can be accessed at Supply Chain Digital's website or LinkedIn page. Click here to access.
Q7: Does the Global Risks Report provide information on supply chain risks?
A7: The Global Risks Report by the World Economic Forum provides insights into various global risks including those that may impact supply chains, such as higher commodity prices and inflationary effects along the value chain. However, the 2023 report does not directly address the election-related supply chain implications mentioned by SAP. Click here to access report.
Q8: How might the 2024 US presidential election affect international supply chains?
A8: The outcome of the 2024 US presidential election could influence global supply chains through changes in foreign and trade policy, potentially leading to shifts in supply chains away from certain countries or toward increased localization. If President Biden is re-elected, it is suggested that he will encourage allies and partners to align with America's policies on areas such as subsidies, as outlined by the European Council on Foreign Relations. Click here to access.