August 2024

In today’s volatile international trade environment, implementing contingency plans for your freight shipments is more crucial than ever. As many companies experienced during the recent COVID-19 pandemic, having multiple strategies in place to facilitate the movement of essential products can be the difference between staying in business and closing your doors. While the pandemic highlighted the critical importance of a resilient supply chain, decision-makers should not assume that risks have disappeared with the decline of COVID-19. New disruptions have emerged in the international trade sphere over the past year, including terrorist activities affecting trade in the Red Sea, low water levels and droughts impacting ports such as the Panama Canal, and fluctuating TEU prices causing challenges for procurement managers worldwide.

Given that disruptions are now a known possibility, how can supply chain professionals better prepare for future challenges? Here are a few expert tips to help you stay ahead and ensure your operations remain smooth.

Diversification

Expand your supply chain by using multiple suppliers and routes to mitigate risk. This approach ensures that if one source encounters issues, others can still maintain your operations.

Stay In The Know

Keep up-to-date with global trade developments and market trends. Awareness of potential disruptions helps you anticipate and prepare for challenges before they impact your business.

Communicate Concerns With Your Broker/Forwarder

Maintain open and regular communication with your broker or forwarder. Sharing any concerns or changes in your needs allows them to adjust strategies and provide timely solutions.

We understand that the key to thriving in today’s unpredictable global trade environment is preparation and adaptability. The recent pandemic exposed vulnerabilities in supply chains, and while COVID-19’s disruptions have eased, new challenges such as Red Sea conflicts, Panama Canal issues, and fluctuating TEU prices have emerged. These developments reinforce the need for businesses to implement contingency plans for their freight shipments.

JF Moran is here to help you navigate these complexities with expert strategies designed to keep your operations running smoothly. By diversifying supply chains, staying informed on global developments, and maintaining open communication with our team, you can mitigate risks and ensure your shipments continue to flow uninterrupted. Our tailored logistics solutions and proactive approach allow us to adapt quickly to unforeseen circumstances, giving you peace of mind in the face of an ever-evolving trade landscape.

Let JF Moran be your partner in building a resilient supply chain—ready for whatever challenges come your way.