How Russian Invasion could influence rates and services of air, ocean and land transportation:
1. Increasing fuel/BAF costs
2. Higher Insurance War time surcharges
3. Sanctions on Russia will lead to more cyber attacks.
Cyber attacks will likely go after critical infrastructure and logistic service providers, ie, ocean shipping lines, air carriers, rails, ports, trucking companies, terminals, freight forwarders, NVO’s, etc. If these critical infrastructures and service providers are disrupted, we could see crippling outcomes that will challenge supply chains.
4. Importers will likely try to continue to try to grow inventories to prepare for potential disruption. This pressure to increase inventory will keep the throttle on demand and high prices.
Please reach out to your BOC Representative to discuss options we have to help.