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Lingering After Effects of Harvey

: Transport

Hurricane Harvey's Supply Chain Impact May Be Worse than Expected: Resilinc 2017-09-11

The impact of Hurricane Harvey on the global supply chain will be worse than expected due to the dependence on chemicals and intermediate products across a range of industries, according to Resilinc, a provider of supply chain risk and resiliency solutions. Other contributing factors are an interconnected global supply chain and a lack of sub-tier supplier visibility.

Resilinc reports that 33 percent of U.S. chemical production has been disrupted as a result of Hurricane Harvey. Resilinc's data repository, which tracks millions of parts and raw materials through multiple supply-chain tiers, shows that 68 key chemicals and intermediates originate from the Texas region.

Nearly 800 factories, warehouses and distribution centres have been affected by Hurricane Harvey, according to Resilinc's data.

"Even if a supplier's factory is not flooded, the infrastructure -- power, water, transportation, etc. -- may not be available for weeks," said Bindiya Vakil, CEO and founder of Resilinc. "It will take time before cargo starts to move." And, if a factory is flooded, "to replace a piece of equipment, it can be as long as three to six months."

Read more in an article from EPS News.

Source: CIFFA


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