The global supply chain has experienced unprecedented strain caused by the COVID-19 pandemic and the Russia-Ukraine conflict. Just as COVID-19-related challenges with labor shortages and transportation delays began to ease, the Russia-Ukraine conflict generated new problems for the global economy. For valve manufacturers, conflict zones, and trade sanctions caused exotic metal raw material shortages, significant increases in lead times from foundries, unpredictable production suspensions, price volatility, greater costs to re-route transportation, threats to natural gas distribution, and a material spike in energy prices.
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