Looking Back at 2017
This year has been quite the adventure with all of the interruptions in the supply chain. It felt as though we were constantly having to adjust our routes and resources because of the natural disasters we experienced.
- Hit Texas, the nation’s number one gasoline producing state in August. The Gulf of Mexico provides more than 45% of the US oil refining capacity.
- This resulted in the shutting down of the largest oil refinery in the US.
- Hit Florida Keys, US Virgin Islands, and Puerto Rico later in September. This also aided to the hindering of the US refining system as this was another hit to the Gulf Coast.
- This led to a dramatic increase in gasoline sales, as well as several gas stations in Florida running out of gas.
South Asia Monsoon
- Hit Bangladesh, India, Nepal, Pakistan, as well as Mumbai in September.
- Import and Export clearances all became delayed. This was further hindered due to the EDI servers going down across the nation.
These could have ongoing or lasting effects on the supply chain. We are still feeling the effects of the tsunami that struck Japan in 2011 that caused nuclear power plants to overheat. Nearly $300 billion of damages were sustained while Japanese exports are declining.
Lastly, aside from the disturbances due to natural disasters, we saw the beginnings of what is to come with the implementation of the trucking ELD systems. This will continually change how TL and LTL shipments are handled.
All of these events, among others, will have a major impact on the supply chain as we move into 2018. We have made it our business to continually notify you of any updates you may experience, and we will continue to do so moving forward.
Make sure you stay up to date with our Tips to Ship By so that you can be aware of everything that is relevant to your supply chain.