bongdaso mobileNews# 54 - Supply Chain Sector Bracing For Impact From Baltimore Bridge Collapse

As bongdaso mobile supply chain sector grapples with bongdaso mobile aftermath of bongdaso mobile bridge collapse in Baltimore, experts say it is crucial to mitigate bongdaso mobile impact on operations and minimize disruptions to bongdaso mobile flow of goods along bongdaso mobile U.S. East Coast.

Tragic collapse of bongdaso mobile Francis Scott Key Bridge in Baltimore is sending ripple effects through bongdaso mobile supply chain and manufacturing sectors, with immediate concerns arising over bongdaso mobile disruption of vital logistics routes. As bongdaso mobile primary artery to bongdaso mobile Port of Baltimore, a crucial hub for regional and national commerce, bongdaso mobile collapse threatens to disrupt logistics flows and livelihoods for some time.

bongdaso mobile bridge, spanning 1.6 miles, served as a lifeline for bongdaso mobile Port of Baltimore, facilitating bongdaso mobile movement of goods crucial to bongdaso mobile region’s economy. Known as bongdaso mobile busiest U.S. seaport for autos and light trucks, in 2023, bongdaso mobile Port of Baltimore handled 52.3 million tons of foreign cargo, valued at nearly billion, including a record 847,158 cars and light trucks, as well as 1.3 million tons of roll on/roll off farm and construction machinery, according to bongdaso mobile Maryland Port Administration. It is also a busy hub for shipments of coal, petroleum products, and sugar. In total, roughly 30 to 40 container vessels call bongdaso mobile Port of Baltimore every week, unloading or loading some 21,000 TEU (containers).

bongdaso mobile port is also a key economic engine for bongdaso mobile city and bongdaso mobile state, directly employing more than 15,000 workers and indirectly responsible for nearly 140,000 more jobs in trucking, warehousing and other related industries. It generates nearly .6 billion in total business income.

While President Joe Biden has pledged federal support for rebuilding efforts, supply chain and manufacturing leaders are focused on bongdaso mobile impact from bongdaso mobile immediate disruptions, which include bongdaso mobile initial need to remove bongdaso mobile vessel and bongdaso mobile collapsed bridge from bongdaso mobile shipping channel.

bongdaso mobile resulting closure of bongdaso mobile port now has logistics, transportation, supply chain, and manufacturing professionals preparing for bongdaso mobile impact of disrupted service. With vessel traffic suspended and cargo stuck in limbo, manufacturers such as food giant McCormick & Co. and automakers General Motors and Ford are assessing operational impacts and rerouting shipments as necessary, notes Mirko Woitzik, Global Director of Intelligence for Everstream Analytics.

Cargo currently en route is being diverted to alternatives, which Woitzik reports “is expected to strain labor and handling capacities at nearby ports such as Philadelphia and Norfolk, leading to spill-over congestion and delays.”

Experts also say bongdaso mobile incident underscores bongdaso mobile vulnerability of global supply chains. “bongdaso mobile disruption comes as geopolitical conflicts and natural disasters wreak havoc elsewhere. Shipping headed for bongdaso mobile Suez Canal is being disrupted from attacks by Houthi rebels, while drought is limiting shipping through bongdaso mobile Panama Canal. What’s more, industrial actions in some key ports, including in Australia and Finland, are adding to delays. All that is to say, it won’t take much to hobble supply chains and reinflate price pressures,” notes Harry Murphy Cruise, Economist, Moody’s Analytics.

Supply chain managers need to act quickly, adds Andrei Quinn-Barabanov, Supply Chain Industry Practice Lead at Moody’s. “bongdaso mobile tragic Key Bridge collapse will inevitably lead to delays in deliveries that go through bongdaso mobile I-95 corridor between Washington DC and New York or through bongdaso mobile Port of Baltimore. Supply chain managers who get their deliveries via either of these routes need to immediately accelerate orders that are likely to be affected. Speed of action is critical.”

bongdaso mobile silver lining, if there is one?

“Although many automotive manufacturers import parts through bongdaso mobile Port of Baltimore, we expect that they will be able to reroute parts quickly through other ports to avoid lengthy factory line shutdowns,” say Ben Ruddell and Richard Rushforth, professors in bongdaso mobile School of Informatics, Computing, and Cyber Systems at Northern Arizona University. And while they expect major supply chain delays due to this bridge collapse, they believe those delays “should be measured in days or weeks, not months. bongdaso mobile abundance of alternative ports on bongdaso mobile U.S. Atlantic provides redundancy and resilience and will expedite supply chain adaptation, limiting overall consequences from this disaster.”

Source: https://www.inboundlogistics.com/articles/supply-chain-sector-bracing-for-impact-from-baltimore-bridge-collapse/

Share this article