2Nd write up its connection to a specific topic of international business

Each student will write total 3 News Write Ups. News Write Up is a

short (about 500 words) description of a current event (no more than 3 months

old) related to any issues of global business issues. It should contain the

following:

1) Very brief description of the event or the news (about 150 words)

2) Its connection to a specific topic of International Business (about

150 words)

3) How can we (students) benefit and/or learn from it (about 200

words)

4) Provide the source of the article and/or its Internet link

_________________________________________________________

1.

https://vlr.vn/chien-tranh-nga-ukraine-va-chuoi-cung-ung-7999.html

The given link stated that the conflict in Ukraine had stressed global

supply networks even further, forcing efforts to reduce interruptions and boost

resilience. Russia's activities in Ukraine are not only causing a humanitarian

catastrophe but also having far-reaching economic consequences. Ukraine's

economy suffers as supply networks deliver food, clothes, equipment, and

materials to agriculture and industries. Simultaneously, Western sanctions

have a significant influence on the Russian economy. 2,550 major US

corporations have tier-one suppliers from Russia or Ukraine. They are no

longer able to deal with such providers. In reality, sourcing1 from this area

affects more US firms than European ones. Even though Russia and Ukraine

will account for just around 4% of the world GDP in 2021, the

interconnection of global supply systems has allowed this war to spill over a

wide range of industrial supply chains. Numerous small businesses are

closing their doors right now. Because of the high energy cost, they cannot