When disruption in the Red Sea co-occurred with ongoing water level challenges in the Panama Canal, shippers were eager to understand immediate supply chain impacts. That uncertainty led many to build contingency plans to address short-term implications. However, due to lower overall demand, those short-term issues have not been as disruptive as many anticipated. Despite this, global and domestic shippers cannot ignore the longer-term cascading impacts that may follow in the coming months. Mike Short, President of Global Forwarding at C.H. Robinson indicates what shippers need to know now about rates, capacity, and the ports as they plan for Q2 through Q4 this year: 1. Capacity Changes May Impact Ocean Rates; 2. Potential Delays In and Out of Ports and Rail Terminals could occur; 3. Selecting the Right Port Will Streamline U.S. Surface Transportation; and 4. Prioritize Disruption Planning in 2024.

https://www.ajot.com/insights/full/ai-red-sea-and-panama-canal-disruptions-2024-implications-for-shippers