IMPACT OF GLOBAL CONFLICTS AND POWER DYNAMICS ON TRADE AND COMMODITIES
The paper "Impact of Global Conflicts and Power Dynamics on Trade and Commodities" examines the transformative effects of geopolitical tensions and global power shifts on international trade and commodity flows. It argues that longstanding supply chain models and traditional management practices are being upended by rapidly evolving global conditions — including conflicts such as the war in Ukraine and regional instabilities— - that are disrupting established trade routes and forcing industry to seek alternative sources of raw materials. The authors examine the evolution from Industry 4.0 to Industry 5.0, emphasizing the integration of digitalization, intelligent automation and improved human–machine collaboration to create more resilient and flexible production systems. The study highlights that the depletion of domestic resources in developed countries, combined with increasing reliance on distant supply chains, has increased vulnerability to geopolitical and economic shocks. In response, companies are urged to adopt flexible, digitally integrated management systems that enable realtime monitoring and adaptive decision-making. The paper proposes strategic measures such as the use of advanced logistics information systems, intelligent robotics, sustainable and circular economy practices, and modular organizational structures that can be reconfigured to mitigate risk. It also emphasizes the importance of investing in human capital and promoting global connectivity to ensure continuous and efficient flows of goods in the face of ongoing international challenges.
Authors
- Domagoj Rožac
- Patricija Jankovič
- Saso Murtic
Publication Details
- Journal
- SHILAP Revista de lepidopterología
- Published
- 2025-05-01
- Primary Topic
- Supply Chain Resilience and Risk Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00