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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?

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This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

Merchants have worked through the excess inventory that piled up on store shelves and in warehouses over the past 18 months and are now focusing on replenishing items rather than stocking up on goods to have on hand in case of supply-chain disruptions. The Panama Canal has faded from the headlines amid all the focus on the Red Sea.

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November U.S. Logistics Manager’s Index- Noteworthy Trending

Supply Chain Matters

The report authors specifically question whether that use of artificial intelligence based inventory planning on the part of some large and influential retailers will affect this inventory management contrast in the coming months. The report authors context these moves as a return to just-in-time inventory management practices.

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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. Concurrently, supply chain leaders will be expected to continue efforts directed at instilling added supply network resiliency and tactical based agility.

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Survey Points to Little Signs of Traditional Peak Period Ocean Container Demand

Supply Chain Matters

Now we have labour disruptions and the Panama Canal drought, which in normal circumstances would lead to an uptick in freight rates as they adsorb effective capacity, but any significant price effect is now highly doubtful in the current market.” This survey was conducted in May among participants in the global freight forwarding community.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25 Get Good at Inventory Management.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25 Get Good at Inventory Management.