March 13, 2024

Adapting Operations: Shifting Coasts and Changing Plans in Uncertain Times with Jon Gold

51 minutes

Attacks on container ships in the Red Sea and Middle East are causing major disruptions to global trade routes. In this episode, we discuss the impacts with John Gould of the National Retail Federation, who has testified before Congress on these issues. John shares insights into how rerouting vessels around Africa is adding significant time and costs to international supply chains.

Main Points:

- Attacks by Houthi rebels in Yemen are forcing ships to avoid the Red Sea, taking routes over 10,000 miles longer

- Increased transit times of 10-14 days are driving up freight costs over 150% for spot market shipments

- Challenges in negotiating rates during Chinese New Year could further impact annual contract negotiations

- Temporary distribution centers may need to open on alternate coasts to accommodate supply chain shifts

- Better information sharing is needed between stakeholders to mitigate risks of congestion

Major geopolitical events can quickly disrupt global supply chains. This episode provides valuable perspective for importers, exporters, and logistics professionals on current challenges and strategies for navigating ongoing uncertainties in international trade routes. Staying informed and coordinating across industries will be key to building supply chain resiliency.

Enjoy the show!

Find us on YouTube: https://www.youtube.com/@SimplyTradePod

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

Show references:

Global Training Center - www.GlobalTrainingCenter.com

Simply Trade Podcast - twitter.com/SimplyTradePod

Jon Gold - https://www.linkedin.com/in/jon-gold-1217012/

National Retail Federation - https://nrf.com/

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