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Decade of Disputes
COVID-related business disruption highlights the law of supply and demand
The COVID-19 pandemic has prompted a surge of supply chain disputes, according to an FTI Consulting study carried out at the end of 2020. The research sought viewpoints from over 2,700 corporate leaders of large organizations with an aggregated total global turnover of $36 trillion and employing 58 million people globally.
While business leaders started the new decade anticipating an increase in corporate disputes (see our initial Decade of Disputes report published in January 2020), COVID-19 has dramatically affected the nature of the global litigation market. While financial services organisations, consumer goods companies and big tech businesses indicated greatest preparedness for litigation at the start of 2020, they may not have anticipated that the most common disputes of the year would arise from supply-chain disruption.