The Michigan Association of Corporate Counsel (ACC) and Foley & Lardner LLP recently presented a virtual webinar, “Looking Forward: Advance Preparation in a Dynamic Legal & Business Landscape.” Designed to share insights and best practices with in-house counsel, the webinar featured ten cross-functional experts from Foley who discussed how leading companies can plan, predict, and prepare for rapidly shifting legal and business challenges in the face of the persistent COVID-19 pandemic, global supply chain shocks, and evolving regulatory landscape.

Supply Chain Issues & Shortages

Vanessa Miller and Nicholas Ellis, litigation partners and supply chain counselors based in Foley & Lardner’s Detroit office, opened the webinar with a warning: expect the unexpected.

Miller outlined the current predicament that many companies face. The pandemic-related lockdowns of 2020, combined with unforeseen and unrelated disasters, gave way to unprecedented operational and logistical hurdles. Throughout 2020 and 2021, companies confronted formidable supply chain disruptions, labor shortages, port delays, and rapidly increasing costs. Additionally, Original Equipment Manufacturers (“OEMs”) exacerbated the challenges for suppliers by fluctuating between inflating, reducing, and canceling product releases, thereby increasing the difficulty for suppliers to plan appropriately. These labor and supply shocks lead to increased threats and litigation among companies attempting to...

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