Only time will tell what impact the expanded Panama Canal will have on corporate supply chain networks; however, one thing is perfectly clear.
As long as the world continues to spin, global trade, enable primarily by ocean shipping, will continue to expand and evolve. Larger ships will provide much greater economies of scale, making ocean shipping an even more cost-effective mode of transportation.
Let’s not forget. Global trade and supply chain management are all about getting products to consumers in the most efficient and effective way. It is all about time, money, and reliability.
Ocean shipping through the Panama Canal will not be the answer for all products; however, when companies are looking for a reliable, cost-effective solution, this will be part of the strategy.
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