International supply chain disruption and resilience examined with experts
17 October 2022
The International Trade Committee explores the lessons learned about international supply chain resilience following recent disruption by the pandemic, Russia’s invasion of Ukraine and geopolitical tensions, and other factors including natural disasters and strikes.
- Watch Parlaiment TV: The UK's international supply chains
- Inquiry: The UK's international supply chains
- International Trade Committee
Wednesday 19 October 2022, Committee Room 16, Palace of Westminster
- Professor Richard Wilding OBE, Emeritus Professor in Supply Chain Strategy, Cranfield School of Management
- William Bain, Head of Trade Policy, British Chambers of Commerce
- James Kane, Associate, Institute for Government
Witnesses’ views are likely to be sought on the continuing impact of the war in Ukraine on the UK’s international supply chains, how much of the disruption to the UK’s supply chains is being caused by the UK’s exit from the EU and how much by other global factors, and what role the Government’s trade strategy can play in building resilience.
Following the economic sanctions on trade with Russia as a result of its invasion of Ukraine, imports of goods from Russia are at the lowest level since records began in January 1997. No fuel imports from Russia took place in June 2022, for the first time on record, and imports of all commodities decreased compared with the monthly average for the 12 months to February 2022.
An average of one in six adults in Great Britain experienced essential food shortages between 20 and 31 October 2021, and 37% struggled to get fuel during the peak of the October fuel crisis that same year, according to the Office for National Statistics. A Confederation of British Industry survey found that towards the end of summer 2021, business stock levels were the lowest since 1983. Experts on the panel will share their views as to how much has changed since then and the lessons learned.