Extreme weather is making major trade routes less reliable, and it’s only going to get worse

Extreme weather is becoming an increasing challenge for transport. It’s now seriously affecting supply chains and hampering the flow of goods on vital waterways – and we’re expecting this to gain momentum moving forward.

Shippers should be prepared for the risk of this phenomenon returning in 2024 and work on the resilience of their supply chains.

Low water levels lead to capacity reduction on ships, surcharges, rising transportation costs and delays.

For example, the Panama Canal is currently only navigable with a reduced ship weight and a limited number of ships. From 1 November, only 31 ships are allowed through the canal per day, compared to usually 36-38 ship crossings daily.

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