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El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

A massive El Niño occurred in 1997-1998, unleashing record rains in California, deadly tornados in Florida, and a brutal drought in Indonesia, thus landing the term firmly on the radar (no pun intended) of millions of people around the globe. With extreme weather—running the gamut from droughts to flooding rains—likely to occur across the globe this winter, we can expect to see the supply chain affected in several areas.

Panama 169

Supply Chain Risks Come from All Sides

Material Handling and Logistics

In the early days of July, while most Americans slowed down to celebrate their country’s independence, a single ship sped toward China, racing against a series of new tariffs that would go into effect on July 6th. cargo ship Peak Pegasus made its way toward the port of Dalian with a load of soybeans. If everything went right, the ship would have arrived with about an hour to spare before the tariffs went into effect.

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The Pros and Cons: International and Domestic Sourcing

Unleashed

Low-cost country sourcing is a procurement strategy that falls under a broad category of procurement efforts called global sourcing. This strategy involves a country from a high-cost country area — typically US, UK, Canada, Australia, and West European nations — purchasing materials from resource-rich low-cost countries; think China, India, Indonesia, Bolivia, Brazil, Russia, Mexico, and East European nations. Shipping costs.

“Too Big to Fail”: 10 Things you Need to Know About El Niño

Elementum

Deemed “too big to fail” by NASA , the weather event will impact supply chains at every stage. As the event starts to take effect, here are ten things you should know about how different weather systems will impact your supply chain. This should keep prices low and shipping lanes open. During the 1997 El Niño, droughts in Indonesia and Argentina caused mining activity to halt, raising prices of copper, zinc, and nickel.