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As the global economy faces the third year of the pandemic, manufacturers are no longer focused on figuring out when things will return to “normal.” Instead, they are applying lessons.
In 2022, automotive suppliers face many of the same issues that have bedeviled the industry throughout 2021, as well as a host of all-new challenges. Unfortunately, as with many aspects.
On February 24, 2022, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) imposed sweeping restrictions on exports to Russia in response to an invasion of Ukraine. The key changes were threefold..
Beginning on February 24, 2022, the U.S. Department of the Treasury Office of Foreign Assets Control and the U.S. Department of State imposed several successive waves of economic sanctions on Russia following the Russian invasion of Ukraine.