Last month the world briefly experienced a unique drama that involved no natural disasters, lost lives or homes or pile-ups of cars on the freeways. What got the world's attention like it never did before was a giant container ship stuck in a canal!
While the sight of a large, fully-loaded ship sitting stationary in a canal for week did not have the "drama" of other disasters, it was a disaster in its own way - just a very slow-building one. While no property was destroyed nor lives lost, there was a significant cost to what was really a "Supply Chain Chokepoint" on a global scale.
How much did it cost? Numbers are still being crunched, but some early data points illustrate the monumental impact it had on global trade.
Where are the chokepoints in YOUR supply chain?