Aaron Block, CEO of BayRu LLC describes how the political situation in Ukraine/Russia creates concerns
1. Question: Why is Crimea so important to Russia and Ukraine?
Crimea was Russia and many of its citizens speak and identify as Russian. See more here: http://nytimes.com/2014/03/07/world/europe/crimea-russia.html
2. Question: What are the biggest concerns North American companies face in Russia/Ukraine due to today’s unrest in Crimea?
Ukraine’s economy has been weak for many years and that is unlikely to change in the short-run. Oh the other hand, Russia has been an engine for global ecommerce growth. Prepare for more volatility. As a Russia-focused business, our major concerns today include: limited consumer spending due to a potential economic crisis in Russia, fewer purchases of international goods and services due to additional weakening of the Russian ruble (follow the ruble/USD changes here: http://www.exchangerates.org.uk/RUB-USD-exchange-rate-history.html).
Only 23 more days of voting open to customers. So why should you vote? Hear from FM Logistic, one of last year’s winners as they reflect on last year’s win, with hopes to win again this year.
‘Darling Supply Chains’ – the companies that tend to dominate the headlines of the supply chain world every-so-often for their innovative thinking, and re-imagination of the industry. Here’s part 5 in our series.
There is no doubt that confusion results in loss of action. Because clarity is the basis of all actions. Clarity gives you confidence and confidence results in action.