Supply Chain Shocks – Using contracts to manage disruption and costs

The war in Iran has posed the biggest supply chain risk since the pandemic. Even if the ceasefire holds long term, it gives a sharp reminder to businesses of how unexpected turns in global events can have real supply chain impact at home. Price increases can turn business loss-making. Product shortages can create liability for breach of contract.

TOPICS COVERED

We will cover how to deal with these issues as they are affecting you now, and the contractual tools you can implement to protect you better in future, including:

1. When you can declare force majeure and how to do it
2. Dealing with force majeure declarations from your suppliers
3. Whether force majeure can be used to increase prices
4. Other contractual tools to manage unexpected price increases

This interactive webinar will be delivered by Lucy Pringle, a Commercial partner at Keystone Law and BCMPA Associate Member. Lucy specialises in global supply chain issues, including product supply, packing and packaging, fulfilment and international logistics. She regularly advises BCMPA members on their contracts and has a deep understanding of the sector.