How is the War in Ukraine affecting global business, including the automotive industry? The conflict has impacted not only geopolitics but also the global economy, with its effects being felt in the operations of companies.
Moreover, on March 3, 2022, the board of directors of the Volkswagen Group AG decided to stop vehicle production in Russia and suspended exports as well. Other automakers, such as Ford and Renault, did the same. The organizations must be antifragile to face geopolitical risks like the war in Ukraine because it has massively impacted the automotive sector, causing supply chain disruptions, global inflation, and economic sanctions.
🔻 Izan Araujo. Master in Human Geography from the University of São Paulo (USP) with a major in Political Geography. Founder of the International Institute for Geopolitics & Security (IIGS). Currently He is CEO of CENEGRI wich one is a brazilian think tank.
🔳 The Policy Brief is produced in partnership with the International Institute of Geopolitics and Security Intelligence (IIGSI/USA), the Centre for Studies on Geopolitics and Foreign Affairs (CENEGRI/Brazil) and the Laboratory of Geopolitics, International Relations and Antisystemics Movements (LabGRIMA/Federal University of Pelotas, Brazil).
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