The latest WTO statistics say that world trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world. A resilient supply chain is essential to ensure a strong global trade.
Our survey on the impact of COVID-19 pandemic on the supply chain industry revealed how vulnerable the industry was with the results showing that 35% of the market was totally unprepared for it and 59% of the market was severely impacted by it.
Based on these results, on the 4th of June 2020, we organised a Webinar sponsored by Ocean Insights on how the future of global supply chains would look.
This webinar, hosted by Eric Johnson, Senior Technology Editor of the JOC featured Steve Kranig of IM-EX Global, Inc., Pritam Banerjee of Asian Development Bank and Robin Jaacks of Ocean Insights as panelists.
For those of who missed out on this insightful and informative webinar, here is a synopsis of what was discussed.
There is a tiny isthmus (narrow strip of land with sea on either side, forming a link between two larger areas of land) lying between the Pacific and Atlantic Oceans connecting North and South America called the Isthmus of Panama..
This isthmus is of strategic importance to global trade and the world of shipping because it contains the country of Panama and the Panama Canal..
Panama is home to the largest ship registry in the world, whereas the Panama Canal is of huge significance to the shipping industry..
Capt.Ricardo Caballero Vega – a maritime pilot transiting ships across the Panama Canal for 25 years explains why..
South Africa has been on lockdown due to the COVID-19 pandemic since the 27th of March 2020 and as of date, South Africa has 4220 confirmed cases of COVID-19 with 79 deaths..
Below is the gist of President Cyril Ramaphosa’s address to the nation on the 23rd of April 2020 and details relevant to the risk-adjusted strategy for the resumption of economic activity in the country..
As per reports, currently all countries in the world are affected by COVID-19 some worse than others..
As per BBC reports “The WHO said it took more than three months to reach the first 100,000 confirmed cases worldwide, but only 12 days to reach 200,000, four days to reach 300,000 and three days to reach 400,000.”
While preventive measures are essential, the concept of having to work from home, social distancing and isolation brings with it new challenges for both the employees and employers on how this must all be handled..
No one in the world was prepared for such a separation..
Even in the businesses of shipping, freight, maritime, logistics and supply chain which are considered as essential services around the world, many people are working from home due to this pandemic..
If you are one of the millions of people working from home due to this pandemic here are some pointers on how to manage it effectively..
Education is an important requirement in any field in order for anyone to learn about that field and put that learning to work.. Such education and learning may or may not be formal depending on various circumstances..
Education and learning in the Shipping, Freight and Logistics industry is no different to any other industry and in my opinion, there are not many options for formal education in our industry compared to other industries..
There is, however, one professional body that has been working hard not just to fill this gap but also to set the highest standards of professional service to the shipping industry worldwide through education, example and discipline and that body is the Institute of Chartered Shipbrokers..
The Institute has now appointed Susan Oatway (FICS) as its first female Chairman.. I caught up with Susan and this is what she had to say..
If you are thinking, the title sounds like a storybook, YOU ARE RIGHT..!!
While the industry experts have their hands full with overcapacity, falling freight rates, maritime disasters, creating technology, adapting to technology, mergers and acquisitions etc etc etc, Kristina Bowden has been quietly introducing a new angle to creating awareness about the world of shipping..
She has done this by creating “Casey the Container” the main character in a rhyming children’s book.. Yes, a children’s book..
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