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Suez is Cleared, But Global Ocean Cargo Supply Chains Will Remain Under Pressure

Home News Suez is Cleared, But Global Ocean Cargo Supply Chains Will Remain Under Pressure

The prospect of resumed passage through the Suez Canal has the maritime cargo industry bracing for the next phase of the crisis – a race to ports around the world.

Data from supply chain visibility company project44 indicates that consumer goods will be delayed as the canal incident creates worsening congestion at ports.

project44 has published cargo data and route information that highlights where the post-Suez competition for docking capacity will be the most intense. Ports including Jeddah, Rotterdam, and Singapore are likely to be overwhelmed.

Vessel data released by project44 details the retail value of the cargo stuck in transit, currently at over $83 billion.

With reroutes further complicating scheduling, boats currently making their way around Africa will soon join the competition for limited discharging capacity at ports where supply chain breakdowns will take place in the weeks ahead.

Apparel, sports equipment, automotive, and consumer electronics are all on track for disruption.

To read full article, click here.

Source: Supply Chain Management Review

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