TMF Group’s Post

Strategic challenges in one of the world's busiest shipping routes are forcing a rewrite of the rules of global trade, once again spotlighting the fragility of global supply chains and leading to significant cost increases and greater operational challenges to organizations and societies. To manage disruptions like these, businesses should focus on real-time supply chain monitoring, comprehensive risk analysis, and enhancing supply chain resilience: Authors: Ryan Elliott, Daniel Santiago, Emal Ehsan, and Aaron Young

Strategic challenges in one of the world's busiest shipping routes are forcing a rewrite of the rules of global trade, once again spotlighting the fragility of global supply chains and leading to significant cost increases and greater operational challenges to organizations and societies. To manage disruptions like these, businesses should focus on real-time supply chain monitoring, comprehensive risk analysis, and enhancing supply chain resilience: Authors: Ryan Elliott, Daniel Santiago, Emal Ehsan, and Aaron Young

Strategic challenges in one of the world's busiest shipping routes are forcing a rewrite of the rules of global trade, once again spotlighting the fragility of global supply chains and leading to significant cost increases and greater operational challenges to organizations and societies. To manage disruptions like these, businesses should focus on real-time supply chain monitoring, comprehensive risk analysis, and enhancing supply chain resilience: Authors: Ryan Elliott, Daniel Santiago, Emal Ehsan, and Aaron Young

A changing U.S.-China relationship, the regionalization of global supply chains and the reemergence of industrial policy in the West are bringing fundamental change to the macro landscape. PGIM's 2023-2024 Global Risk Report explains what investors need to know: https://on.pru/3GhKRob #GlobalRiskReport

Trade is central to how we all do business. But there are many questions about the sustainability of globalization, and whether a retreat to a regional strategy is needed when considering supply chain resilience and an increasingly fragmented geopolitical landscape. Read our Client Trends Report to help navigate future trade risks and challenges: https://aon.io/3w7dd3f #MegaTrends #TradeInsurance #TradeRisk #TradeRiskManagement

The Red Sea, a crucial shipping route, has witnessed a steep decline in traffic as companies reroute around the southern tip of Africa to avoid attacks on commercial vessels. These detours are likely to have a ripple effect on retailers and consumers as inflated shipping costs, insurance rates, and oil prices raise the costs of goods at the time of purchase.   This situation highlights the importance of understanding the exponential risk associated with international commerce. Moody's integrated approach to navigating global supply chain networks can help decision makers mitigate uncertainty, manage costs, and move forward strategically. Learn more: https://mdy.link/riskn

The shipping industry, the backbone of global trade, is going through a period of difficulty, uncertainty, and instability. The undeniable contribution of shipping ports to the world's economic growth is no doubt facing tremendous challenges. According to a recent survey, shipping companies are enhancing their resilience against risk assessment and scenario planning. But they have to bear. Read more. https://lnkd.in/dvib8B7E #globalshipping #maritimeissues #freight #fastnaccurate

Interesting article on the current crisis in the Red Sea and probable options for shippers to manage the crisis #logistics #transportation #shipping #kearney

Strategic challenges in one of the world's busiest shipping routes are forcing a rewrite of the rules of global trade, once again spotlighting the fragility of global supply chains and leading to significant cost increases and greater operational challenges to organizations and societies. To manage disruptions like these, businesses should focus on real-time #supplychain monitoring, comprehensive risk analysis, and enhancing supply chain resilience: https://bit.ly/3SNvtY5 Authors: Ryan Elliott, Daniel Santiago, Emal Ehsan, and Aaron Young