Global MFG - Dec 4, 2019
Lost at Sea: The Impact of New Maritime Trade RegulationsSteve Anton | Material Handling & Logistics
Lost at Sea: The Impact of New Maritime Trade Regulations
As more and more suppliers arrange search parties [pun for: conducting cost-benefits analysis], significant time and costs associated with shipping is seldom recovered, and the future looks grim for suppliers who have not evaluated onshoring options.
In fact, the supply chain impact may be significant as the maritime industry prepares for one of the most significant changes in its recent history: IMO 2020 rules that will be met with escalating costs and operational challenges.