The world is more interconnected than ever. Supply chain disruptions even in the most remote parts of the globe can cause ripple effects that reverberate throughout other economies. These examples highlight the essential role of the supply chain in keeping goods and services flowing smoothly and how easily it can be thrown off track. In addition to natural disasters, regulatory actions such as sudden changes in sanctions or restrictions of certain goods can also have a crippling effect. The volcanic ash eruption in Iceland in 2010 halted air traffic across Europe, which impacted delivery of everything from fresh flowers.

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