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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. In parallel is the assessing of the related restricted ship transit volumes surrounding the Panama Canal because of low water levels.

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Changing SRM Behaviors in a Period of $70/bbl Oil

Supply Chain View from the Field

I was in Houston yesterday evening, speaking to a large group of procurement executives at a roundtable held by KPMG’s Procurement Advisory Group, at the fabulous Brennan’s restaurant on Smith Street. However, with the price of oil down in the $70′s, I did sense a bit of uneasiness in the air.

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Red Sea Ocean Transport Shipping Disruption Update

Supply Chain Matters

Business media has further reinforced that at same time, the Panama Canal , which is the globe’s other key transit route. Industry Supply Network Impacts While it may still be too early to determine the specific industry impacts of this ongoing disruption, there are some early indications.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

This metric bears continual observation in the coming months. Transit to and from the Panama Canal further remains constrained by lower basin water levels brought about by climate drought conditions. We further indicated souring business optimism more than likely extending into the final three months of 2023. All rights reserved.