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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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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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10 Ins and Outs for Supply Chain Risk Management in 2024

Resilinc

Learn the best practices for supply chain risk management in 2024 from Resilinc, the gold standard for supply chain resiliency. As risk managers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supply chain practices. Out with the old and in with the new!

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

Kinaxis

El Niño may serve as the ultimate test of supply chain risk management and resiliency. Care should be taken to understand each node in your supply chain—rail lines, ports, choke points, distribution centers—and identify potential risks associated with each.

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How To Overcome The Current Supply Chain Disruptions As A Manufacturer

Precoro

Such an interruption can affect any of the supply chain steps, often involving sourcing of raw materials, production, and distribution of goods or services. Supply chain management has to take these disruptive incidents into consideration when developing risk management policies. Diversify your suppliers.

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

Supply Chain Matters

But shipping industry sources now indicate that negotiations deteriorated last week over the scope of expected dockworker wage increases. For our supply chain management community readers, the situation is shaping up to be a potential new global disruption to manage. East Coast Ports during the negotiation period.