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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.

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High Seas Troubles Affect Global Supply Chains, Part Two: Climate Risks

Enterra Insights

As I pointed out in the first part of this article, two of the world’s most vital maritime chokepoints — the Suez Canal and the Panama Canal — are experiencing serious challenges. a severe drought, which began last year in Panama, is disrupting canal operations. Unfortunately. ” How bad have things become?

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Stormy Weather: Supply Chain Risk Management and Climate Change

Enterra Insights

Phillips (@EEPhillips_WSJ), “is behind extreme weather patterns seen from India to Panama. The post Stormy Weather: Supply Chain Risk Management and Climate Change appeared first on Enterra Solutions. “The El Niño phenomenon,” writes Erica E. With … Continued.

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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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Trends 2024: Risk Management

Enterra Insights

Journalist Andrew Freedman explains, “Geopolitical risks in the Red Sea and extreme weather in Central America are converging, jostling global supply chains fed by the Suez and Panama Canals.”[5] 6] Daphne Allen, “ Keep an Eye on These Risks in 2024 ,” Design News, 4 January 2024. [7]

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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.