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...Read More
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....Read More
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...Read More