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Demo Perez and Joe Lynch discuss Panama: the logistics engine of Latin America. Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution.
00:51] Tell us about yourself and what you do in Panama. I was born and raised in Panama and manage a 3PL. My main role is to promote the hub that Panama offers to the world. [02:19] 03:52] You’re the General Manager of Logistics Services Panama. Panama is becoming more interesting, and not only for the US. [10:40]
If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.
I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25 Increase in Size of Ocean Carriers.
In the podcast interview, Joe and Byron discuss Zergratran’s first project, a cheaper, faster, and cleaner alternative to the Panama Canal. The Panama Canal is critically important to world trade and unfortunately container ships are currently waiting 12 days to cross the canal.
When the Panama Canal expansion is completed in early 2016, it will effectively double the capacity of the canal and allow post-Panamax vessels to cross it. How will the Panama Canal expansion impact the decision-making process of shippers in terms of port selection? Live Episode: June 30, 2015 at 12:00 ET.
By Roy Bridgland (pictured) Senior Industries Director at Blue Yonder The post Impact of the Chinese New Year, Panama Canal & Red Sea on Global Shipping appeared first on IT Supply Chain.
The Panama Canal has faded from the headlines amid all the focus on the Red Sea. But fallout to global supply chains from Panama’s drought is far from over. Transits declined yet again in December as reservations were further restricted, according to newly released data from the Panama Canal Authority (ACP).
A drought in Panama significantly reduced transits of larger Neopanamax-class container ships in November and December, with transit constraints intensifying last month. Container vessels that traditionally used the Panama Canal to bring Asian goods to East and Gulf Coast ports switched to the Suez Canal. percent year on year.
The number of vessels waiting to cross the Panama Canal has reached 154, and slots for carriers to book passage are being reduced in an effort to manage congestion caused by ongoing drought conditions that have roiled the major shipping gateway since the spring. And now on to this week’s logistics news.
Last week I mentioned that the Panama Canal expansion has resulted in record breaking tonnage moving through the waterway. While the Panama Canal expansion took roughly nine […]. The expansion was surely an engineering feat, using the latest technology to improve the global supply chain.
billion Panama Canal expansion project was completed. This time last year, the $5.25 The canal reopened with a new set of locks on both the Atlantic and Pacific sides for ships to easily flow through the canal without risk of delay due to accident or various water levels. During the expansion, there was also an. Read More.
The Panama Canal opened a new lane for larger ships this week, and East Coast ports have been expanding efforts to attract Asian imports that would otherwise arrive on the West Coast. Expansion at the Panama Canal, pictured above, has led to a business boom in South Carolina. Photo by Stan Shebs.
The Panama Canal Authority (ACP) has suspended bookings for super vessels through Sept. Advocates of the bill, first introduced in January, argue that having more control over the removal of safety drivers from autonomous trucks would protect California road users and ensure job security for truck drivers.
What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?
Since the establishment of the Panama. The point where the Atlantic Ocean meets the Pacific Ocean has provided trade routes between the East and West for over a century. 03/31/2015. Supply Chain. Supply Chain, Global.
Those goods flowed through three regional hubs – in Singapore, Panama City, Panama and Stabio, Switzerland – to 49 distribution centers, 24 of which VF operates. To accomplish this, 10,000 supply chain associates worked with 450 global vendors who operate over 600 factories. The company works with 13 ocean carriers and 7 air carriers.
As I pointed out in the first part of this article, two of the world’s most vital maritime chokepoints — the Suez Canal and the Panama Canal — are experiencing serious challenges. a severe drought, which began last year in Panama, is disrupting canal operations. Unfortunately. ” How bad have things become?
Kendrick Global Supply Chain Institute at USC, discusses the ramifications of the sale of two port-management contracts at the Panama Canal. Nick Vyas, founding director of the Randall R.
The 50-mile span of the Panama Canal connects the Pacific and Atlantic oceans, which has shortened shipping duration between countries and continents 1. Since its opening in 1914, the canal has undergone many improvements, ranging from installation of mooring systems to the upgrading of the canal’s navigation and vessel tracking system.
He was deployed to Iraq in 2006 and 1990, and Panama in 1991. Jack retired as a Commander in the U.S. Navy Reserves in 2016, after serving as a founding team member of DiUX, the Department of Defense’s Silicon Valley presence. He served tours in Washington D.C., serving on the staff of U.S.
Panama Canal delays causing unrest for Shippers The Panama Canal is currently facing disruptions due to low water levels and restrictions imposed to conserve water. Delays at the canal have…
An Expanded Panama Canal Takes Logistics into Uncharted Waters.Connect. Since the Panama Canal opened this past Sunday, we wanted to share it with you again. The enlargement of the Panama Canal was recently completed, enabling mammoth-sized container vessels to transit the waterway. East and West Coast ports.
I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25 This adds to variability.
The enlargement of the Panama Canal is scheduled for completion this year, enabling mammoth-sized container vessels to transit the waterway. A white paper titled Wide Open: How the Panama Canal Expansion is Redrawing the Logistics Map , published by the Boston Consulting Group and C. This post is credited to Sri Laxamana.
These disruptions occur for myriad reasons, such as factory disruptions in China or ships getting stuck in the Panama Canal. Companies are sourcing materials from all over the world, and need to identify those regions which are most important, and which provide the greatest risk for disruptions.
These disruptions include transit difficulties through the Panama and Suez canals, and concerns at East Coast ports related to ongoing labor contract negotiations. According to The Loadstar , US West Coast ports are anticipating a surge in imports due to a combination of supply chain and geopolitical disruptions.
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC. When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size.
And though, so far, low-water restrictions in the Panama Canal haven’t seemed to impact container flows significantly, the Panama Canal Authority just announced that it will reduce daily transits from 34 – their level since July – to 24 in November, 20 in January and down to just 18 by February.
Meanwhile, US import changes from the expanded Panama Canal will gradually shift some 10% of West Coast imports to the East Coast. . . Following weak 2016 pricing and lower shipping volumes, logistics spend as a percentage of the US GDP dropped from 7.84% in 2015 to 7.5%
Or the Panama Canal drought, which forced authorities to cancel ship crossings by 36%, costing between $500 million and $700 million. The result was a shift and acceleration towards nearshoring, reshoring, and source diversification.
From the Panama Canal expansion to the continuous advancement of disruptive technologies, 2016 was another eventful year in the global logistics and supply chain industry. The post Top Connect Blog Posts of 2016: Panama Canal, Analysis Paralysis, and Innovation appeared first on Connect Blog by TMC, a division of C.H.
Drought conditions at the Panama Canal are not a good match for its high water demands; it takes at least 50 million gallons of water , with some sources citing much more, to move a single ship through the 51-mile waterway. Under normal operating conditions, the Panama Canal handles 36 to 38 ships per day.
Phillips (@EEPhillips_WSJ), “is behind extreme weather patterns seen from India to Panama. “The El Niño phenomenon,” writes Erica E. With … Continued. The post Stormy Weather: Supply Chain Risk Management and Climate Change appeared first on Enterra Solutions.
The expanded Panama Canal is expected to officially open this June. Read the white paper, Wide Open: How the Panama Canal Expansion is Redrawing the Logistics Map. How will the expansion impact logistics? Sri Laxmana has been with C.H. Robinson for 14 years and has served multitude of roles during his career.
Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map [DK1] , which was written collaboratively with Boston Consulting Group.
Expansion of the Panama Canal Will Increase Incoming Ocean Freight. Part of the discussion on the current state of the capacity crunch must include a discussion on the Panama Canal. As a result, most carriers, including local and 3PL carriers, are also increasing the size of their fleets.
The Panama Canal, and Central America more broadly, is experiencing one of the worst droughts in its recorded history. The post The Panama Canal is thirsty. Supply Chain Dive –With one of the worst droughts in history, the canal is forced to place restrictions on the amount of cargo ships can carry. appeared first on AGL.
What will happen when the Panama Canal expansion is completed in 2016? The Panama Canal is over a century old. And the canal was too small for the Post-Panamax vessels, which carry two to three times as much cargo as the ships that currently squeeze through the Panama Canal. Robinson to be prepared for the shifts ahead.
The Panama Canal expands in 2016, allowing for more and larger (post-Panamax) ships to make the passage from East Asia to the United States. Our paper looked at the question of how much traffic the expanded Panama Canal would divert to East Coast ports from a number of angles. In 2015, the Boston Consulting Group and C.H.
The Panama Canal Expansion: The Impact on Logistics Strategies and Operations (1,410 views). Design Your Business to Thrive: Four Components of a Smart Supply Chain Modeling Platform. Top Episodes. From Project to Continuous Business Process: The Evolution of Supply Chain Design (2,874 views). 1,379 views).
The mind-boggling number of names and companies ensnared in the Panama Papers scandal leaves many people wondering if they might know or work with any of the entities on the list, and whether it means they are doing anything unethical, or breaking any laws. EcoVadis customers may be wondering if any companies on the Panama Papers list (e.g.
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