supply chain

Russia’s invasion of Ukraine will continue to have a significant impact on the outlook of the global economy and the human race for decades to come. This is something highlighted by global consultancy firm, McKinsey, in a recent post tracking the 12 major disruptions that are set to change the world as we know it.

The world is running out of available copper and that is causing copper prices to hit record highs. The copper price hit an all-time high of $4.9375 a tonne, which is a 125 percent rise from its March 2020 lows. It joins the list of essential commodities that have hit record highs since the pandemic began and there are several factors all contributing to its rise.

Our underlying companies in the Legg Mason Martin Currie Global Long Term Unconstrained Fund have shown resilience in terms of balance sheet strength and relative share price performance. However, given the unprecedented nature of the exogenous shock, and the recessionary environment we are going through near term, we have identified a limited number of risks,…