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Baltimore Key Bridge Collapse
An $81 Billion Trade Crisis and Its Impact on Different Industries
April 1, 2024
An $81 Billion Trade Crisis
The recent collapse of the Francis Scott Key Bridge in Baltimore has caused a major disruption in trade and commerce across the nation. A container ship collided with one of the support columns of the bridge, leading to its collapse. The bridge’s collapse has not only halted shipping operations but also exposed companies from different industries to potential risks.
Supply Wisdom compiled a comprehensive analysis on Francis Scott Key Bridge's collapse using intelligence pulled directly from the Supply Wisdom platform. This in-depth analysis includes the causes of the crisis, the impact on different sectors as well as global trade and supply chains, disruption of shipping routes, increased costs, and precautionary steps for companies in response to the bridge collapse in Baltimore.
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- Geographic factors drive severe business disruptions.
- Location-specific risk must be operationalized into decision-making.
- Ignoring or not quantifying risks increases exposure.
- Ask yourself, “What would shareholders’ expectations be at the next Annual General Meeting when the issue is raised?”
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