Legal Considerations for Supply Chain Disruptions
“The COVID-19 pandemic has disrupted supply chains around the world requiring many companies to adjust operations and their business,” writes Laura K. Veith in The National Law Review.
“Supply chain litigation has not erupted as companies have largely been forced to find commercial solutions, recognizing that there is little to gain from litigation when they are still dependent on those same suppliers to help them tread water and stay afloat. However, as the wake expands and losses are crystalized, companies should re-evaluate their contractual rights and defenses in the event litigation becomes more common or appealing. Now is also a good time for companies to evaluate their contracts to ensure they contain adequate protections for future supply chain shortages or disruptions.”