Labor Issues, ‘Overreaction’ to Ebola, Present Complexities to Supply Chain
Wednesday November 12th, 2014
When considering disruptors to the global supply chain, natural disasters or malicious attacks are often first to come to mind. However, in recent weeks both a U.S. West Coast dockworkers labor dispute and what the International Maritime Organization (IMO) might consider an overreaction to the Ebola virus, have presented relatively significant disruptions to maritime trade. Despite recommendations by the World Health Organization and IMO, a number of governments and shipping lines have altered their practices around West Africa, reducing trade by up to 40% in the effected nations.
The economic damage, derived from misunderstandings about risks associated with the virus, serves as a reminder that the reaction to a crisis can often cause more harm than the crisis itself.