Automotive impact: Russia-Ukraine conflict heralds shortages, price hikes and uncertainty

Russia’s invasion of Ukraine has sent shock waves across the globe, introducing an element of military aggression and political instability in Europe not seen in decades. With the threat of nuclear war looming and the lives of millions of civilians in immediate danger, the top priority is not necessarily on the automotive sector. However, there is a recognition that the economic impact from this situation could be severe and preparations must be made to mitigate the coming hit.