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What is Commodities

Handbook of Research on War Policies, Strategies, and Cyber Wars
Product groups in which Russia and Ukraine are in a strong position in global supply.
Published in Chapter:
Examining the Effects of the Russia-Ukraine Conflict on Global Supply Chains
Arda Toygar (Artvin Çoruh University, Turkey) and Umut Yildirim (Karadeniz Technical University, Turkey)
Copyright: © 2023 |Pages: 16
DOI: 10.4018/978-1-6684-6741-1.ch010
Abstract
Conflicts cause significant losses of life and property, create environmental and socio-cultural changes, and lead to significant disruptions in global supply chains. The Russia-Ukraine conflict, occurring on Ukrainian territory, is still ongoing and its consequences are uncertain. This bottleneck in global food and energy supply, large increases in the costs of basic logistics services, such as international transportation and warehousing, come to the fore as the first consequences of the conflict. These developments prevent countries in many distinct parts of the world from reaching vital resources, such as food and energy. Therefore, this study aims to evaluate the effects of the Russia–Ukraine conflict on global supply chains. In this context, the relevant literature, sectoral publications, and reports from international authorities related to global supply chains were examined in a conceptual framework. The results of the study suggest that the conflict poses significant problems that will adversely affect global supply chains.
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Pacific Alliance Facing Crises: A Trade Perspective (1990-2020)
Are goods whose quality may differ slightly, but it is essentially uniform across producers. Commodities are most often used as inputs in the production of other goods or services. Commonly, their prices are defined in international markets.
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Inventing the Future of E-Health
Raw materials, unfinished products, or products sold loose, or any other product characterized by being undifferentiated. Such products cannot be differentiated from other products in function of the producer that manufactures them or the supplier that sells them.
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