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High Seas Troubles Affect Global Supply Chains, Part Two: Climate Risks

Enterra Insights

According to Panama Canal Administrator Ricaurte Vásquez , “Dipping water levels could cost them between $500 million and $700 million in 2024, compared to previous estimates of $200 million.”[3] Footnotes [1] Andrew Freedman, “ Climate change and conflict converge to disrupt supply chains ,” Axios, 24 January 2024. [2]

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National Maritime Day 2024: America Still Depends on Ocean Trade

Enterra Insights

Department of Transportation (USDOT) reports, “[In 1933], Congress declared National Maritime Day to commemorate the American steamship Savannah’s [1819] voyage from the United States to England, marking the first successful crossing of the Atlantic Ocean with steam propulsion.”[1] trade than any other mode of transportation.”[7]

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How Will Climate Change Impact Supply Chains in 2024?

Resilinc

Navigate the top climate change issues set to impact the supply chain in 2024. Now, it is predicted that 2024 has a 99% chance of ranking in the top five warmest years. In fact, Resilinc’s CEO, Bindiya Vakil, named Climate Change as one of the top five supply chain megatrends for 2024. 2023 was the warmest year on record.

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This Week in Logistics News (May 4 – May 10)

Logistics Viewpoints

Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday. Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal.

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High Seas Troubles Affect Global Supply Chains, Part One: Security Risks

Enterra Insights

Near the Horn of Africa or the Strait of Malacca, pirates who had once seemed quelled have roared back, crimping sea traffic. patrol the Horn of Africa. Customers of maritime shipping firms not only want to protect their goods they also want to avoid higher insurance and additional shipping surcharges for cargo transiting the Red Sea.

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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs.

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This Month in Logistics News (December 30 – January 5)

Logistics Viewpoints

Later this month the nominees will be announced for the 2024 Oscars. Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November in a show of support for Palestinian Islamist group Hamas fighting Israel in Gaza. One category that has always been interesting is Best Adapted Screenplay.