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Types of Risks Impacting Supply Chains in 2018

Material Handling and Logistics

These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. For example the The 2016 Hanjin maritime carrier bankruptcy left workers, ships, containers, and product stranded at sea and in ports around the world. Economic situation can cause product or labor shortages.

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The Effects of Global Warming on Ocean Shipping

MTS Logistics

The once-tranquil seas are undergoing noticeable transformations, with the impacts of rising temperatures affecting maritime operations. This imminent danger hits the core of maritime operations, namely the ports. Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry.

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Shipping CEOs to Accelerate Maritime Decarbonization

Logistics Business Magazine

The CEOs of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO), the global regulator, to create the regulatory conditions to accelerate the transition to green fuels and maritime decarbonization.

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Logistics Unleashed: Unveiling the Most Pivotal Events that Shaped its Development

Logistics at MPEPS at UPV

In this captivating article, we delve into the annals of history to explore the most important events that paved the way for the extraordinary development of logistics as we know it today. Their extensive network of ports, warehouses, and trading posts revolutionized maritime logistics. Cengage Learning. Christopher, M. The MIT Press.

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Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If But with a black-swan event, it just magnifies the risk.”. Sign up for virtual event updates here. ]. The maritime industry — 90% of world trade travels by sea — is notoriously manual.

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Will the Post-Covid Era Result in Another Rate War and Shipping Perils?

MTS Logistics

COVID-19 and Hanjin’s bankruptcy both have had significant impacts on the global supply chain and share commonalities in the following ways: Disruptions to global trade: both events led to delays and increased costs for shippers and manufacturers who had to find alternative ways to transport their goods.

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Creating a Green Marine Supply Chain

Logistics Viewpoints

Plus, extreme weather events and changing storm patterns challenge seafaring vessels. To take the damaging effects of marine vessels into account, the International Maritime Organization (IMO) reduced their allowable sulphur fuel emissions to just 0.5% Maritime traffic. from originally 3.5% as of January 1, 2020 [3].