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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

As 2024 begins, two of the world’s most critical ocean transit corridors, the Suez Canal , and the Panama Canal are facing threats of shipping disruption as global geopolitical tensions and terrorist threats escalate. Global trade was reportedly set to contract by 5 percent in 2023 compared to 2002, amounting to upwards of $30.7

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Lessons to Glean From the West Coast Port Dispute

MIT Supply Chain

In 2002, a 10-day lockout on the West Coast cost the US economy an estimated $ 1 billion per day in the first week growing to $2 billion per day in the second week, and required a presidential intervention. Strategy Transportation Global Supply Chains ILWU MIT CTL Panama Canal port automation trade unions US ports west coast port stoppages'

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Trending: Effects of West Coast Ports Labor Dispute

Tompkins Blog

Shippers still bear the scars from the disastrous 2002 work stoppage and have countermeasures in-place to avoid major disruption. Blog Post: Who Will Win the Race for Freight in the Panama Canal Expansion? We do not expect the ongoing labor negotiations at the West Coast ports to cause a substantial interruption on a wide-spread basis.

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What’s Your Plan if There’s a West Coast Port Strike?

CH Robinson Transportfolio

Or, will we see a repeat of 2002, when a 10-day lockout left dozens of ships lined up outside the West Coast docks, unable to unload? There is also a good possibility that carriers might discharge cargo at the main transship points of Panama, Cartagena, and Colon and declare force majeure. West Coast (USWC) ports received 9.6M

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The Year the Ports Stole Christmas? Hopefully Not.

Logistics Viewpoints

The West Coast only has so much port capacity, and the East Coast and Gulf are separated by the Panama Canal – another potential point of congestion. The next question is “why don’t they go to another port?” Of course, it’s not that easy. Porcari and Port of Los Angeles Executive Director Gene Seroka held a virtual media briefing.

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Interoceanic Passages

Abivin

In reality, appointment and price systems must be used to control capacity for interoceanic canals like the Panama and Suez. The four most significant interoceanic passes in the globe are the Strait of Hormuz, the Strait of Malacca, the Suez Canal, and the Strait of Panama. Potential for closure or interruption. 1200 feet).

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