Cas Brentjens highlighted the importance of digitization and having a resilient supply chain strategy that extends beyond the Red Sea crisis. He emphasized the need for companies to start their digitization journey, ensuring that contracts, shipping instructions, and bill of lading are digitized, enabli...
Unraveling the Red Sea crisis At the heart of the Red Sea crisis lies a complex interplay of geopolitical factors involving key players in the region. Competing interests, historical grievances, and regional power struggles have collectively created a volatile environment, significantly affecting maritime...
Even as they struggle to cope with the crisis of the moment, retailers are adopting long-term strategies for adjusting to future disruptions. For some, that means shifting or diversifying sourcing among multiple regions — again, a high-cost move that nevertheless must be considere...
People in the U.K. could soonface a shortage of teabecause of supply chain disruptions caused by the ongoing crisis in the Red Sea, according to members of the U.K. supermarket industry. According to Reuters, the British Retail Consortium — a trade association for retailers in the U.K...
The Berlin-Brandenburg Gigafactory is where Tesla assembles electric vehicles it sells in Europe. The company did not specify which components affecting the factory’s operations have been delayed. This supply chain disruption is the latest blow for Tesla’s European operations. Over the last few ...
On the USS Eisenhower, one of the strategies in the Red Sea fight against the Houthis is increasing morale by making soldiers feel part of something bigger than themselves. Jun 23, 2024 U.S. Navy response to Houthi Red Sea crisis For months, the U.S. Navy has operated out of the...
But they are now beginning to fall back, albeit not to the levels seen before the Red Sea crisis began. This week’s Xeneta XSI Asia-North Europe spot declined 7%, to an average of $3,966 per 40ft, having lost 18% since reaching a peak on 22 January. Some contacts have told The ...
Examining crisis management history Talking to references about growth challenges Verifying tested contingency plans Checking peak season performance data Looking for consistent infrastructure investment Switching 3PLsis expensive and disruptive under normal circumstances. Having to make an emergency switch due to...
The crisis is not terrible, but the terrible thing is that the crisis comes quietly and we are completely unaware of it. Whether the future war will be fought or not does not entirely depend on us, but we must be prepared for military struggle. In recent years, in the face of frequent...
The diversion of cargo ships to avoid Houthi attacks in the Red Sea will likely cause a spike in shipping rates, experts say. Meanwhile, a naval coalition being assembled by the U.S. to combat the Houthis’ Red Sea and Suez Canal attacks is still “a few weeks” away from bei...