From soaring oil and food prices to social unrest, the fallout from the Ukraine war continues to reverberate. Worst to come could be shattered supply chains and splitting of the world economy into distinct spheres. Asian Insider takes stock of the costs. 

The global economy faces significant headwinds in the coming years as the war in Ukraine grinds on, and experts expect countries most affected by supply chain breakdowns and commodity shortages to produce more essential goods locally.

Coming on the heels of a pandemic that triggered persistent supply chain disruptions worldwide, Russia's invasion of Ukraine in February led to a chain reaction of commodity shortages overnight and spiralling prices.

Countries are "scrambling to find other sources of natural gas, wheat and oil as they look to develop other trade relationships", said Dr John Feffer, director of foreign policy in focus at the US-based Institute for Policy Studies.