European Strikes Threaten Supply Chains - Tips to Minimize Your Risks

Strikes and protests erupt across Europe, causing total chaos on the account of soaring inflation affecting the cost of living. The spiraling cost of living crisis has led to industrial unrest, with workers calling for salary increases to survive soaring energy and food prices amid record-high inflation. The supply chains are drastically being impacted due to a reduced capacity to produce necessary products and materials in energy-intensive industries. In July, industrial production fell by 2.3% YoY which is the largest drop seen in over two years. With over 60% of France’s refining capacity offline due to a nationwide strike, transportation has been severely disrupted by shortages of petrol.