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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. Rainfall was less than 50 percent of normal from February to April near the canal and the lakes that feed it.

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

Resilinc

If the attacks continue, this crisis could trigger inflation due to higher global freight and insurance rates, along with supply chain disruptions. #5 7 Chemicals and Fertilizers Chemical fertilizer in a warehouse waiting for shipment, as a result of the Red Sea ship attacks. Freight rates may increase in the short to mid-term.