Market Moves: Strategy - Dec 21st, 2023
 
 
Opportunities have been identified and new risks have emerged
Market Moves: Strategy | View online
 
December 21, 2023
Progress, opportunity, risk

Remember the Ever Given? March will mark three years since the giant container ship ran aground in the Suez Canal, becoming a poster child for disruptions to the global network of supply chains. Many of those issues have been resolved but there’s still work to be done; several of the stories below outline strategies for further progress.

Also worth noting is that several risks are emerging or persisting. The driest October on record has the Panama Canal running at two-thirds of capacity. Shippers are diverting vessels from the Red Sea and Suez Canal after a series of attacks. Union Pacific leaders this week called for U.S. Customs and Border Protection officials to reopen some Mexico border crossings. And hackers have ramped up attacks on supply chains.

Supply-chain disruptions—actual and potential—look likely to remain a topic of conversation even if the pain they cause is now more chronic than acute. To help you track relevant happenings, we’re preparing to launch Market Moves Supply Chain, which will curate content from across the Endeavor Business Media universe. Look for the first newsletter next month on our subscriptions page.

– Geert De Lombaerde

From Supply Chain Connect
During the inaugural convening of the White House Council on Supply Chain Resilience, President Biden unveiled more than 30 new actions.
From Material Handling & Logistics
A Gartner survey shows business acumen and tech skills have gained importance versus traditional competencies.
Cleo's Frank Kenney says the business side needs to drive tech spending and strive for 'the level that Amazon has given us for the past 10 years.'
More from Supply Chain Connect
'Organizations may at times be giving themselves a false sense of security.'
From IndustryWeek
OEMs must take the lead on supplier connectivity, collaboratively and with a phased approach.
More from Material Handling & Logistics
Companies with the best systems book an extra 3.6% revenue growth annually amid disruptions, says an Accenture report.
From FleetOwner
Despite 2023's weak market, there are signs next year could see improvements as early as the second quarter.