Resilinc
AUGUST 30, 2023
What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?
Supply Chain Matters
FEBRUARY 14, 2024
As we have noted in this thread of updates, to a further extent, shipments from Asia eastward that traverse the Panama Canal are an important added backdrop to ocean transport disruption impacts. In parallel is the assessing of the related restricted ship transit volumes surrounding the Panama Canal because of low water levels.
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Supply Chain Shaman
DECEMBER 30, 2021
The volume of ocean shipments grew two-fold in the past decade, and the price of an ocean shipment increased 9-10X from 2020-2021. Ocean carriers, struggling to make a profit for the past ten years, collectively will post 200 billion in profitability in 2021. Freight Rates 2019-2021. jump in apparel costs and 5.5%
Supply Chain Matters
NOVEMBER 14, 2023
The report observes that in 2021-2022, the largest carriers amassed net income levels totaling $364 billion. In the short term, drought-conditions that continue in the waters surrounding the Panama Canal continue to face long waits for traversing, or potential detours.
Supply Chain Shaman
DECEMBER 30, 2021
The price of an ocean shipment increased 9-10X from 2020-2021. Ocean carriers, struggling to make a profit for the past ten years, collectively will post 200 billion in profitability in 2021. Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers.
Logistics Viewpoints
OCTOBER 27, 2021
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. Source: Ports of LA, Long Beach, Oakland, Seattle-Tacoma. It is difficult to determine throughput capacity by just looking at the throughput timeline.
Supply Chain Matters
JULY 10, 2023
Both the COP 26 and COP 27 Global Change Summits held in 2021 and 2022 respectfully, sounded the alarm that businesses and governments face a more compelling timeline for mitigating ongoing warming of the planet. Renewed Urgency Last week provided yet another stark warning.
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