A delegation from Lower Saxony, Germany comes to New York. The delegation includes roughly 30 enterprises from various industries, as well as 10 representatives from the Lower Saxony Ministry of Economic Affairs, led by Dr. Bernd Althusmann, Minister of Economic Affairs.

No supply chain is 100% crisis-proof. This is demonstrated by the consequences of the conflict between Russia and Ukraine. In February 2022, the political situation between the two countries had escalated to such an extent that Russia invaded Ukraine militarily. This is currently causing not only terrible humanitarian problems, but also economic consequences that are being felt in Europe and the United States, among other places. More and more global supply chains are in danger of collapsing, both because of the military-related loss of Ukrainian business partners and because of international sanctions against Russia and Russian companies.

Unexpected challenges can hit global trade at any time. This was proven once again by the “Ever Given” accident. Since Tuesday night, the container ship has been blocking the Suez Canal and thus one of the world's most important trade routes. Already strained supply chains are further strained, while an end to the blockade is not in sight.

With the rise of the New Economy, global economy moved away its focus from sheer mass production to service-oriented trade. Especially intermediaries pushed into the markets to buy and sell without adding value. With “Go Direct” ABRAMS world trade wiki offers the tool to clear your supply chain from unnecessary middlemen.

The past year has shown what unexpected challenges can suddenly strike the global economy and entrepreneurs. In the beginning crisis management was the main reaction. Although many companies were able to keep up their supply chains, their revenue suffered major losses. At this point strategic knowledge through trade data and innovative business intelligence offer a way out of this crises.

Sustainability (in an ecologic sense) and economy are widely regarded contradictive. However, global trends show that sustainability is becoming more and more crucial to world trade. ABRAMS world trade wiki offers the chance for companies to introduce sustainability measurement or optimize existing measures for sustainability. Take action today to make your company part of a sustainable future.

Many parts of the globe continue to witness unprecedented social and political unrest, natural catastrophes and force majeur like the Covid-19 pandemic. Thus, Supply Chain risk management has become a more critical process for firms to safeguard their long-term success.

WHO statement of a pandemic and its legal implications
Update: March 12, 2020
As of 11 March 2020, the World Health Organisation (WHO) has declared the outbreak of a pandemic. In the interactive web based dashboard of the Johns Hopkins University one can see this global spread. With the status of pandemic, companies can get much stronger rights under relevant clauses in contracts between companies.
