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To borrow a very overused quote, never waste a crisis. CIPS has been talking about understanding a multi-tier supply chain for the last 20 years, and if anything, current events act as a reminder that it will pay dividends. There are three pieces of advice here that all, in some way, relate to having that deep knowledge.

To borrow a very overused quote, never waste a crisis. CIPS has been talking about understanding a multi-tier supply chain for the last 20 years, and if anything, current events act as a reminder that it will pay dividends. There are three pieces of advice here that all, in some way, relate to having that deep knowledge.

The effect has been immediate and multi-layered. Iran accounts for around 3-4% of global oil production, so even the risk of conflict causes markets to price in what’s called a geopolitical risk premium. This is about 15 to 30 dollars extra per barrel before anything has even happened.

A backdrop of geopolitical turbulence, supply chain shocks and shipping disruptions have put the spotlight on force majeure contract clauses. Here's what procurement and supply chain professionals need to know.

Experts on a CIPS facilitated webinar gathered on 9 March 2026 to discuss the ongoing conflict in the Middle East and provide some guidance for the profession. Read the key takeaways and watch the full webinar inside.

Geopolitics is procurement’s problem. Procurement professionals must understand what it means for their company and its supply chains.