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Navigating Wartime Challenges: Insights from Business Wisdom Summit 2024

The Business Wisdom Summit took place on April 10, 2024. Owners and top managers of leading companies shared insights on how businesses can become more effective in defending the country, accessing new markets, attracting financing, and overcoming the challenges of war, including logistical ones.

Ulyana Fitsa, Chief Supply Chain Officer at Kormotech, outlined the company's solution for alternative export routes.

For the past six months, Ukraine's exports have become more complicated due to the blockade of the Polish border. Each month, our company conducts approximately 180-200 import-export operations, and the border blockade leads to additional financial costs, significantly when transportation is delayed in queues for 20-30 days.

To avoid this, we optimized logistics and were among the first in Ukraine to join the Ministry of Agrarian Policy and Food initiative. We chose the Danube route trucks loaded with goods moving by barge across the river. This method is more expensive than overland transportation, but it prevents delays and avoids excessive warehouse stock.

Thus, despite all the challenges, Ukrainian businesses continue developing and promoting "Made in Ukraine" products globally. The forum organizers recognized this complex but profitable and reliable solution as one of the best Ukrainian logistics projects. Ulyana Fitsa was also awarded the title "Manager of the Year" by the business publication and the TOP-100 magazine. Rankings of the largest and the Business Wisdom Summit.

We'd like to remind you that the BUSINESS WISDOM SUMMIT platform allows Ukrainian businesses to exchange relevant and daring case studies, discuss key business issues, and share experiences.