Russia, Ukraine key to global economy
Today thousands of U.S. and European companies do business with suppliers in Russia and Ukraine. Many of them could be at risk during a prolonged military conflict. Analysis of global relationship data on the Interos platform reveals critical findings:
- More than 2,100 U.S.-based firms and 1,200 European firms have at least one direct (tier-1) supplier in Russia.
- More than 450 firms in the U.S. and 200 in Europe have tier-1 suppliers in Ukraine.
- Software and IT services account for 13% of supplier relationships between U.S. and Russian/Ukrainian companies. Consumer services represent another 7%. About 6% account for trading and distribution services and 4% for industrial machinery. Oil, gas, steel and metal products account for other everyday items purchased from the two countries.
The proportion of U.S. and European supply chains that include tier-1 Russian or Ukrainian suppliers is relatively low. This increases substantially when incorporating indirect relationships with suppliers at tier 2 and tier 3.
- More than 190,000 firms in the U.S. and 109,000 firms in Europe have Russian or Ukrainian suppliers at tier 3.
- More than 15,100 firms in the U.S. and 8,200 European firms have tier-2 suppliers based in Ukraine.
Supply chain and information security leaders in U.S. and European organizations should review their dependence on Russian and Ukrainian suppliers at multiple tiers. This is a key first step in assessing risk exposure in the region and ensuring operational resilience.