Supply chains weather the storm

Which of the following strategies have companies used to cope with supply chain disruptions?

Reducing international trade

Refusing supplier surcharges

Stockpiling essential resources

Finding new suppliers

What is the role of multi-modal transport in supply chain disruption management?

To use new shipping suppliers

To implement dynamic shipping rerouting

To combine sea, air and rail for flexible routing

To increase the number of transport routes

What has been one impact on businesses using air freight for high-value goods?

Higher costs to absorb

Increased delivery speed

Shrinkage in the supplier pool

Onerous import or export compliance procedures

What action has European retailer Pepco Group taken to mitigate disruption during 2024?

Nearshored some of its supply chain

Optimised shipping routes and using rail

Enhanced its e-commerce offering

Limited product availability to reduce costs

Which sectors are most affected by disruptions in maritime transport for fuel?

All sectors have been equally affected

Manufacturing, pharmaceutical and energy

Retail, energy, government

Retail, manufacturing, energy

What is involved in dynamic shipping routing?

Using real-time GPS tracking

Buying in services from satellite providers

Taking the Cape of Good Hope route

Enabling rerouting mid-course

How has the crisis affected Egypt’s economy?

Suez Canal revenue declined 57 per cent in Q1 2024

Shipping traffic dropped by 50 per cent in 2022-23

GDP has declined by 4 per cent since 2023-24

All the other answers are correct

What has the effect of delays been?

Container capacity has increased due to lack of demand

Fuel costs have increased fivefold

Suppliers have had to raise their production norms

Rerouting can add 10-14 days to transit times

What is nearshoring?

Bringing production back to the home country and passing the related costs to the customer

Moving production to a country with a lower cost base

Switching production to a just-in-time basis

Moving production to a nearby country rather than sending it overseas

How has the energy sector been particularly affected?

There are fewer alternative routes for oil tankers

It is reliant on shipping routes for transporting fuel

Demand for fuel has fallen as the number of freight trips has dropped

Demand for fuel has soared with the longer shipping routes

Supply chains weather the storm

Which of the following strategies have companies used to cope with supply chain disruptions?

What is the role of multi-modal transport in supply chain disruption management?

What has been one impact on businesses using air freight for high-value goods?

What action has European retailer Pepco Group taken to mitigate disruption during 2024?

Which sectors are most affected by disruptions in maritime transport for fuel?

What is involved in dynamic shipping routing?

How has the crisis affected Egypt’s economy?

What has the effect of delays been?

What is nearshoring?

How has the energy sector been particularly affected?

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