Extreme Weather Top Threat to Supply Chains in 2024
• Extreme weather predicted to be top supply chain disruptor in 2024, outpacing regulations and trade wars • Panama Canal facing worst drought since 1950, causing shipping delays and rerouting • Winter storms worsening delays and cancellations for supply chains • Changes in precipitation patterns leading to more droughts and flooding • Past extreme weather events like hurricanes, wildfires, and freezes caused delivery delays and shipment decreases