The massive cargo ship Ever Given has completely blocked the Suez Canal, a vital trade passageway for as much as 12% of the world’s seaborne trade.
A prolonged blockage could lead to “significant disruptions to global trade, skyrocketing shipping rates, further increase of energy commodities, and an uptick in global inflation,” JPMorgan warned. In the meantime, between 5% and 10% of all seaborne oil is transported through the Suez, meaning that for each day that the ship remains stuck, it delays the shipment of another 3 million to 5 million barrels of oil per day.
Imagine if you have to face a similar situation here in Indonesia, e.g flooding, tsunami or any other natural disaster or any other massive disruption. Or on the other hand, how if your suppliers or distributors are facing that particular situation.
Will it impact your overall supply chain? How much revenue lost will be caused by this supply chain disruption? Do you have backup suppliers to clear up the blockage?
Arogya.ai offers artificial-intelligence-based impact analysis of supply chain-related issues. Our technology can solve these issues and provide specific solutions such as alternative distributor and updated pricelist in order to lower the lead time after force majeure events.