About 12 percent of … Suez Canal: consequences and alternative solutions to ensure your supply chain As is widely reported in the Global media, the VLCS “Ever Given” was grounded during transit of the Suez Canal on Tuesday 23 rd March, completely blocking the canal for the passage of other vessels . March's Suez Canal crisis amazed a global audience by dramatically illustrating how a single event could disrupt supply chains around the world. With the right supply chain technology, shippers can mitigate the impact of the disruption, finding alternate routes and modes. As the multiple crisis’s from Covid-19 to the Suez Canal crisis has shown us the necessity for companies to plan ahead has never been more apparent. Suez crisis creates winners and losers in the global supply chain. read. in Risk, Supply chain 24 March 2021 The giant 400m container ship that has run aground and blocked the Suez Canal could disrupt $40bn worth of trade. The container ship Ever Given (IMO 9811000) - en route to Rotterdam - ran aground on 23 March while transiting the Suez Canal. The Suez Canal is more than 6,000 miles away, but the lasting effects will be felt right here in Huntsville for weeks or maybe even months to come. The blockage of the Suez Canal by a grounded container vessel threatens to deepen a supply chain crisis that has left global companies, port operators and … Peter Fretty. The Next Phase of the Suez Canal Crisis. The Ever Given, the massive container ship that was horizontally wedged in the Suez Canal blocking off all traffic for nearly a week, was freed on Monday. Some choose Cape of Good Hope. A proactive, data-driven approach to a disruption - like the supply chain chaos caused by the ship grounding in the Suez Canal - could significantly mitigate the business impact. While 51 ships might not sound like a lot, these giants can c… Ikea confirms with Supply Chain Dive that it has containers held up by the Suez Canal blockage. The jam has become a primary concern and has already started to drive up prices. The semiconductor chip crisis that hit companies around the world shows no signs of ending any time soon and will continue to impact the supply chains for many industries. Tel: 816-891-8339 — Fax: 816-891-8949 The Suez Canal blockage has shown that major supply chain interruptions are possible at any time. 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. Now Moving: Suez Canal, Shipment Visibility and Logjams (Part II) Anusha Shankar , March 30, 2021 3 min. Ikea has more than 100 containers on the ship, which could also cause constraints in its supply chain. Maersk, which carries goods for H&M, Nike, and Unilever, among others, said in its statement Monday that it had three ships stuck in the Suez Canal and 29 ships waiting to enter the canal. Transporting the majority of goods sent between Asia and Europe as well as Asia and the North American east coast. Experts warn that the impacts … 1. Authors: Sunder Prabhu The Suez Canal crisis has brought the discourse on supply chain resilience back in focus. Afte r six days, workers were able to partially refloat the vessel. The six-day blockage of the Suez Canal by the mega containership, EVER GIVEN, has been adorning headlines of all major news publications as well as sparking a global meme fest. (Read Dun & Bradstreet’s impact statement on the Suez Canal blockage, prepared in partnership with our supply chain technology affiliate E2open.) Forbes contributor Edward Segalsays Dun & Bradstreet took a dive into the data for the U.S. and Europe. Suez Canal ship freed, but the pressure points in supply chain, global trade persist. During 2020 it transported more than 18500 vessels, averaging 51 ships per day. Most supply chain practitioners would agree: between the pandemic, container shortages, winter weather, factory fires, the blocking of the Suez Canal by a … Suez Canal travails are the most recent example of supply chain challenges At a time when the global supply chain is ostensibly dealing with more simultaneous issues than perhaps ever before, including the COVID-19 pandemic, winter weather events, clogged United States Ports, and the need for more labor across myriad parts of the supply chain, it almost feels like this week’s news that … The Suez Canal, one of the world's most important trading routes, was opened in 1869. Meanwhile, although the U.S.’ West Coast ports remain less exposed to the impact of the Suez blockage compared to the East Coast, vessels face longer waiting and discharging times at West Coast ports than anywhere else globally, according to analysis from logistics platform project44. ... or say Suez Canal blockage, it is similar to blood clots to the human circulation system. The Suez Canal crisis clearly highlights the vulnerability of the global supply chain and its huge dependence on waterways, especially this particular route. Even a temporary closure of a major shipping channel like the Suez Canal is problematic for global supply chains. File footage shows Evergreen ship on Suez Canal. And there can be a direct impact on the business’s consumers. The impact of the six-day Suez Canal logjam is piling on a growing global supply chain crisis. ; Ocean Visibility and Document Mgmt. A (Suez) crisis of supply chain visibility. The phrase ‘supply chain’ is now being mentioned more often than ever before in news media. For much of its length, however, the canal is not wide enough to allow traffic to travel in both directions at once; convoys of ships must take turns transiting these segments of the waterway. Published: Mar. A shipper who had planned a more resilient supply chain will be able to continue to deliver normally to customers. May 12, 2021. Euler Hermes likewise described the Suez Canal blockage as “the straw that breaks global trade’s back,” coming on top of supply chain disruptions since the beginning of the year that could cost real trade growth -1.4pp or roughly USD230bn of direct impact The Suez Canal crisis compounded disruptions in a global supply chain already strained under the ongoing impact of the pandemic. In the past few days, the news of the blockage of the Suez Canal by a massive container ship called the Ever Given has been dominating the news, so much so, that even kids are talking about it. The top 10 industries that will be impacted by the crisis are: 1. Although the Suez Canal handles only 13% of global trade, its blockage rippled through the supply chain worldwide. The most significant hitch in a while occurred when the Ever Given ran aground last week, causing a Suez Canal blockage that has impact ed every corner of the supply chain. But can location technology help us to deal with a crisis like this one if it happens again?. While a blockage is extremely rare, the incident has forced scrutiny on the supply chain risk companies face, which may impact future strategies. The container ship was "partially refloated" Sunday, the first step toward freeing the ship and reopening the canal for other cargo vessels, Bloomberg News first reported. 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