As Panama faces a near-record water drought, shipping containers are piling up along the Panama Canal and triggering a wave of supply chain disruptions around the world.
According to Rob Handfield, Bank of America University Distinguished Professor of Operations and Supply Chain Management in the Poole College of Management, the disruption to containerships has been surmountable and could intensify as the holidays approach.
“The Panama Canal is a critical element in the global supply chain. It is a major channel for ships,” Handfield explains. “More than 110 ships are waiting to pass through…[and] experts say this problem will likely last through 2024 and will not be solved anytime soon.”
Read more on U.S. News & World Report.
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