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Impact of Suez Canal Crisis on Companies Around The World Expected to Last Several Weeks
From:
Edward Segal, Crisis Management Expert Edward Segal, Crisis Management Expert
Washington, DC
Saturday, April 3, 2021

 

Crisis management expert and author Edward Segal said today the impact and significance of a crisis can last long after the incident itself has ended, which is expected to be the case now that the giant Ever Given container ship is no longer blocking the Suez Canal.

He predicted in a story on forbes.com that, "Countries, companies, and industries around the world that will be most affected by this crisis are in for a bumpy ride for several weeks. The consequences for international trade and supply chains will likely last much longer."

Segal cited the findings of a team of data and analytics experts from Dun & Bradstreet and E2open (a supply chain software company) that analyzed the impact the crisis will have on businesses in different parts of the world. Their conclusions are based on annual shipping data that tracks the vessels and materials found onboard ships that travel through the Suez Canal.

The two companies found that "Europe is the region that will feel the strongest impact due to the blockage of the canal. Companies located in Asia will be impacted not only by the delay of shipments from Europe, but also by a shortage of empty containers returning to their region—further stalling their abilities to deliver goods around the world."

Dun & Bradstreet took a deeper dive into the data for the U.S. and Europe, and found the following.

Segal's story on fporbes.com can be accessed at http://www.forbes.com/sites/edwardsegal/2021/03/31/impact-of-suez-canal-crisis-on-companies-around-the-world-could-last-weeks/

He is the author of the recently published book on crisis management — "Crisis Ahead: 101 Ways to Prepare For and Bounce Back from Disasters, Scandals, and Other Emergencies" (Nicholas Brealey). It was named by Book Authority.com as the #1 best book to read on crisis management in 2020 and one of the best books of all time about the topic. Order a copy of and learn more about "Crisis Ahead" at https://publicrelations.com/order-book/

Segal also hosts the "Crisis Ahead" podcast which features guests who discuss their experiences and observations about various crisis management situations and what others can learn from those situations. 

The podcast can be seen on YouTubebat https://m.youtube.com/channel/UCwx26phRVnXdnnaJt71cqZw, and heard on Apple. Google and other podcast sites including Podbean at  https://thecrisisaheadpodcast.podbean.com/

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