Key Bridge Collapse Means $2 Million a Day in Lost Worker Wages
Lisa Anderson was quoted in Inc. on the effect on local business of the Francis Scott Key bridge collapse, and the ripple effect on the supply chain.
Lisa Anderson was quoted in Inc. on the effect on local business of the Francis Scott Key bridge collapse, and the ripple effect on the supply chain.
Lisa Anderson was quoted in this article on Inc., reminding businesses that diversification of supply chains is key especially during times of disaster and infrastructure rebuilds.
The collapse of Baltimore's Francis Scott Key Bridge highlighted how quickly a single infrastructure failure can disrupt regional and national supply chains. In this interview with PYMNTS, Lisa Anderson discusses the logistics implications of the bridge collapse, the ripple effects on ports, transportation networks, and distribution operations, and why [...]
The closure of the Port of Baltimore this week could have far-reaching implications all the way across the country for the ports of Los Angeles and Long Beach, according to several experts including Lisa Anderson of LMA Consulting Group.
The Francis Scott Key Bridge now lies partially submerged in the Patapsco River after a catastrophic cargo ship collision this week. Here’s how the Key Bridge collapse may affect the port’s operation.
Lisa Anderson emphasizes the profound and wide-ranging impacts on global supply chains. The bridge’s destruction not only disrupts local traffic and logistics but also sends shockwaves through international trade routes, highlighting the critical need for robust supply chain resilience strategies.
Horribly, a container ship collided with the Francis Scott Key Bridge, and much of the bridge collapsed. From a supply chain point of view, it has caused significant near-term impacts and extended disruptions in the region.
The Baltimore disaster is expected to further compound the stress already placed on the global freight system. “Container shipping traffic has already been quite disrupted, because of the drought going on in the Panama Canal–ships from there [are] going through the Suez Canal to come to the east coast of the U.S. from Northeast Asia,” says Lisa Anderson.
Since packaging is typically 10-40% of the retail price of products, there is no doubt it adds up to a relevant factor in product cost and waste.
Manufacturing promotes safety and security and mitigates risk. Controlling your supply chain and mitigating geopolitical risk can become paramount overnight as geopolitical events occur, natural disasters emerge, and supply chain challenges arise (strikes, disruptions, shortages).