Economist Steven Chiavarone states that a whopping 40% of the world’s palladium comes from western Russia, near its border with Ukraine. No palladium, no catalytic converters. No catalytic converters, no cars. Additionally, Russia is a top producer of nickel…a key ingredient in steel and electric car batteries.
Experts can’t predict the exact impact of this conflict, but the fallout has had and may continue to have effects on supply chain, economic activity, and prices.
It’s time for our regular reminder that while the M&A market may be strong now, economic conditions can change rapidly, and your business value can drop overnight through absolutely no fault of your own. So, for business owners waiting a little bit longer to sell, consider whether you’re willing to risk the losses that could come with another market dip.
