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The Ukraine-Russia war is spiking the prices of oil and certain commodities, such as wheat and corn, in the world market because of the disruption in the supply chain. The geopolitical conflict fundamentally augments the discourse that a nation must be well prepared and achieve a higher degree of self-reliance on food and other commodities to temper the economic fallout.

The ongoing crisis in Ukraine is a grim reminder of how fragile global peace is. Russia’s invasion of Ukraine is making everyone jittery about the prospects of a full-scale conflict never seen since World War II. Russian forces have been carrying out airstrikes and advancing towards Kiev while Ukrainian forces fight off the offensive and civilians flee the capital.

The new normal is the best opportune time to invest. Entrepreneurs, small and big businessmen, and the government itself should take this opportunity to spend as Metro Manila and other parts of the country prepare for the new normal under Alert Level 1.