Every major commercial shipping line is rerouting vessels away from the Suez Canal in response to the recent series of missile attacks by Houthi militants in the Red Sea.

“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.

The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

About 17,000 ships and 10% of global trade pass every year through The Bab al-Mandab strait, also known as the Gate of Tears, which is only 20 miles (32km) wide.

The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.

This Ultimate Guide to Supply Chain Resiliency explores concrete recommendations and guidance on creating, implementing, and institutionalizing a world-class supply chain resiliency program. 

In this playbook, we share insights into what works and doesn’t when deriving deep, long-term value from supply chain risk management. 

In today's dynamic business landscape, organizations are increasingly turning to third-party services (3PLs) to navigate the complexities of supply chain management and gain a competitive edge.

In this ever-evolving landscape, embracing ESG practices isn't just about ticking boxes; it's about gearing up for a future where sustainability isn't just a goal, but a game-changer for business success!