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Shipping Delays
Panama Canal
Despite predictions that global ports would become inoperable by 2050 due to rising sea levels, a lack of water in Panama is making the canal transit increasingly difficult. The drought in Panama is a culmination of more than twenty years of reduced rainfall to inland freshwater sources, eliminating much of the runoff water that typically...
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As you may know, port strikes that started on June 22, 2023, in Canada have thrown a significant wrench into the works of the global supply chain. The strike action encompasses Canada’s major west coast ports: Vancouver and Prince Rupert, known for handling international trade. Consequently, the ripple effect of these strikes is felt worldwide....
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Edward J. Zarach & Assoc. heartily welcomes the new labor agreement inked between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA). As a critical six-year accord, this development ushers in an era of increased efficiency and productivity at the West Coast ports, significantly enhancing the supply chain dynamics.   Included...
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