It posed a significant threat to the economic cycle of the world order as the global supply of essential products was interrupted. Such interruption of global supply led to a tremendous economic loss. The ongoing conflict between Russia and Ukraine, and it has once again exacerbated the supply problem on a global scale. Reportedly, the war reduced global GDP by about 1.5 per cent and led to a rise in global inflation of about 1.3 per cent. When it comes to talking about a better supply chain system, port management plays a vital role in Bangladesh or elsewhere.

Source: Forbes September 18, 2022 18:16 UTC