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Redefining Resilience: Seizing Business Opportunities Amid Supply Chain Challenges

Talking Logistics

If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.

Panama 205
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Red Sea Ocean Transport Disruption Update

Supply Chain Matters

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. Further, Japan based shipping line Mitsui OSK Lines indicated a belief that this disruption could extend thru the balance of 2024.

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U.S. West Coast Dockworkers Enacting Multi-Day Job Actions

Supply Chain Matters

West Coast dockworkers incurring job actions that are hindering container ship unloading among various port terminals. But shipping industry sources now indicate that negotiations deteriorated last week over the scope of expected dockworker wage increases. Labor contract renewal negotiations among the labor unions representing U.S.