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Keep These 6 Geopolitical Supply Chain Risks on Your Radar in 2024

Resilinc

In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. With the ongoing war between Russia and Ukraine, the Israel-Hamas War, and the crisis in the Red Sea, the shockwaves these conflicts sent throughout their nations and the world have been felt everywhere—especially in the supply chain.

Russia 100
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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

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. This disruption affects various industries, including suppliers for global retailers and car manufacturers. On January 11, the U.S.

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24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” Also, globalization presents another hydra-headed challenge for your procurement network.

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. It started in 1969 as DHL Air Cargo, and by the late 1970s, the company had expanded its operations and offered services throughout the world. Read on to learn more about the top revenue-earning 3PL warehousing companies in 2020.

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The Impact of the Red Sea Ship Attacks on Global Supply Chains and Logistics

Resilinc

Following the recent attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea, several major global shipping and oil companies – including Maersk and British Petroleum (BP) – have suspended shipments and halted operations in the area. Will reroute shipments.

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This Week in Logistics News (October 7 – 13)

Logistics Viewpoints

But one source mentioned the unlucky nature of the number “13” is a Norse myth about 12 gods having a dinner party in Valhalla. Moller-Maersk A/S , the maritime shipping giant that has been diversifying into land transportation, is betting that driverless trucks will help make deliveries more reliable.