Climate and Supply Chain Resiliency

Climate and Supply Chain Resiliency

The recent floods in Germany and other parts of Western Europe, including Belgium, Luxembourg, and the Netherlands, affected areas that are home to industrial zones that host dozens of high-precision manufacturing suppliers that supply specialized parts for the automotive, aerospace, technology, and mechanical engineering sectors. The extent of flood damages implies that recovery time for the affected facilities may not be quick. Until now almost 90 companies in the affected areas have announced production halts, force majeure declarations, or even profit warnings. Similarly, the extensive floods in Henan Province, China have caused significant damages to transportation links, including rail links, and have affected production operations at facilities in the automotive, technology, life sciences, and industrial manufacturing sectors.

Share this post

[Webinar] Record Level Shipping Costs Intensify Supply Chain Stakes – Part 1

A crisis of long-term rising shipping costs will likely hit cargo shippers ranging from food and beverage companies to retailers and automakers as they strive to meet high customer demand or replenish inventory levels ahead of the year-end holidays. Register for our upcoming webinar today to learn how to mitigate risks and save on costs.