The collapse of the Francis Scott Key Bridge on Tuesday after it was struck by a container ship has disrupted the Port of Baltimore’s container shipping services, which will impact the economy of the city and beyond, analysts said.
Tag: supply chain issues
Insurers Face Challenges from Supply Chains, Inflation, Surging Demand for Materials Following Maui Wildfires
Following the deadly wildfires on the Hawaiian island of Maui, insurance carriers will face myriad challenges including supply chain complexities and demand surge for fire-resistant materials, according to industry observers.
Companies Remake Supply Chains, But BI Insurance Protection A “Wafer-Thin Patchwork”
COVID-19 caused a domino-effect to cascade through global production and logistics networks.
FMCSA Data Shows Trucker Complaints at Record Levels Amid Driver Shortage
Truckers in the United States are on track to file a record number of coercion complaints this year, as supply-chain issues cause historic delays and price increases. According to data from the Federal Motor Carriers Safety Administration (FMCSA) as of Friday, truckers have filed nearly 500 coercion complaints against employers and shippers since the beginning… Continue reading FMCSA Data Shows Trucker Complaints at Record Levels Amid Driver Shortage
Car Sales Seen Sputtering as Supply-Chain Woes Hurt Production
Automobile manufacturers are expected to report lower-than-expected quarterly vehicle sales as chip shortages and supply-chain issues continue to limit vehicle production. According to Cox Automotive, new vehicle sales are expected to fall 16% year on year in the first quarter, representing the second-worst quarterly total in a decade, trailing only the pandemic-affected second quarter of… Continue reading Car Sales Seen Sputtering as Supply-Chain Woes Hurt Production
Expensive Shipping Containers Mean Rough Sailing for Global Trade
The deterioration of productivity and the rising cost of shipping a container are dashed hopes that the world’s supply-chain issues will be resolved anytime soon. Any end-of-year optimism that kinks in global supply chains would be ironed out in the first half of 2022 has faded, according to shipping experts, economists, and company executives. Ports… Continue reading Expensive Shipping Containers Mean Rough Sailing for Global Trade
Biden Administration Announces Actions to Help Alleviate Supply Chain Challenges
The Biden administration announced a new set of immediate and short-term actions aimed at alleviating supply chain issues at the nation’s ports, waterways, and freight networks on Tuesday, as the administration moves to implement the recently passed but unsigned bipartisan infrastructure bill. The White House stated in a fact sheet that the goals and actions… Continue reading Biden Administration Announces Actions to Help Alleviate Supply Chain Challenges