SCS Weekly Rundown | March 19th, 2024
Weather Wreaking Havoc on Supply Chains
The onset of El Niño is expected to escalate global challenges and operation costs.
Extreme weather has always played a key role in freight and logistics, most recently with
events like the Texas freeze or the floods in California. The first quarter of this year has
already seen severe winter storms and unusually high temperatures, leading some of the
more proactive companies to begin making plans to bolster their operational resilience
against common weather conditions.
Read the full article to get more details here.
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Oil Demand Rising From Red Sea Disruptions
The I.E.A. has revised their oil demand forecast due to reroutes from the Red Sea.
Red Sea shipping diversions are elevating global oil demand, as ships now navigate
longer routes, increasing fuel needs. The International Energy Agency's newly updated
forecast anticipates a rise in demand, highlighting the impact of geopolitical tensions
and logistical adjustments on global oil markets.
Dive into the full article, available here.
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Global Rush on Mexico Crossborder Business
Mexico continues to draw mounting interest from countries around the globe.
Driven by cost benefits and strategic positioning, massive firms and new start-ups are
increasingly considering Mexico for business expansion. The new trend aligns with a
surge in nearshoring interest for 2024-2025, focusing on operational costs, security
and establishing logistics.
Get more information about this trend here.
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Georgia Port Announces Sweeping Upgrades
Following an Army recommendation, the GPA is making Brunswick a premier port.
Georgia is investing in significant upgrades at the Port of Brunswick, focused on improving
its cargo-handling capabilities and infrastructure. The project includes enhancements to
freight channels and the expansion of storage areas, reflecting a collaborative effort
between the state and the U.S. Army Corps of Engineers to accommodate increasing
needs and further propel economic growth.
For more information, read all about this project here.
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